# Question #6725f

##### 1 Answer

The marked price is above the cost price by

#### Explanation:

Let cost price be

Let Marked Price be

The tradesman gives 4% discount on the marked price,

That means selling price

He gives 1 article free for buying every 15 articles

That means when he sells 16 items for Selling Price of 15 items.

Cost price for 16 items will be :

Profit

He gains 35% ,

equating (4) and (5):

We had

So, the marked price is 50% more than the cost price.

The marked price is above the cost price by=

That means, the trader buys each item for $100, marks them $150 each and sells them at $144 (after 4% discount).

He sells 16 items for selling price of 15. So instead of charging $2304 for 16 items, he charges $2160 for 16 items, and gains ($ 560) i.e. 35 % of the cost price.