Sam bought a skateboard at a cost of $$ 45$ and then marked its price up by $50 %$ . He then reduces the price by $20 %$ and sells it to Kim. How much did Kim pay for the skateboard?

$ 64

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$ 54

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$ 54.5

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$ 67.5

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Solution

The correct option is B $$ 54$
Charlie bought a skateboard at a cost of $$ 45$ and then marked its price up by $50$ .
Hence,
$50$
Price of skateboard after markup $= 45 + 50$
$20 % of 67.5 = \frac{20}{100} \times 67.5 = \frac{1}{5} \times 67.5 = 13.5$
Amount that Kim has to pay $= 67.5 - 13.5 = $ 54$

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ii) the shopkeeper’s profit as per cent.

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Sam bought a skateboard at a cost of $45 and then marked its price up by 50%. He then reduces the price by 20% and sells it to Kim. How much did Kim pay for the skateboard?

The correct option is B $54Charlie bought a skateboard at a cost of $45 and then marked its price up by 50. Hence, 50 Price of skateboard after markup =45+50 20% of 67.5=20100×67.5=15×67.5=13.5 Amount that Kim has to pay =67.5−13.5=$54

Sam bought a skateboard at a cost of $$ 45$ and then marked its price up by $50 %$ . He then reduces the price by $20 %$ and sells it to Kim. How much did Kim pay for the skateboard?