cost of price

Question

a dealer sells a laptop for $180. His cost price 30%of his selling price and he receives 5% discount for paying in cash. Calculate what the dealer pays for each laptop.

Answer 1

cost = 30% of $180 = .3(180) = $54

5% discount means he pays 95% or .95(54) = $51.30

5% of $54 = $2.70

$54 - $2.70 = $51.30