Question

a jeweller allows a discount of 16% to his customer and still gain 20% find the marked price of a ring which coast the jeweller 1190

Answer 1

Answer:

Marked Price = Rs 1700

Step-by-step explanation:

Let say Marked Price = M  Rs

Cost Price = 1190 Rs

Discount on Marked Price = 16 %

16% discount on Marked Price = (16/100) M = 0.16M   Rs

Selling Price = Marked Price - Discount

Selling Price = M - 0.16M = 0.84M  Rs

Gain on Cost Price = 20%

20% gain on cost price = (20/100)(1190) = 238  Rs

Selling Price = Cost Price + Gain

Selling Price = 1190 + 238 = 1428 Rs

0.84M = 1428

M = 1428/0.84

M = Rs 1700

Marked Price = Rs 1700