After a jewler allows a discount of 16% ti his customers and still gains 20%.Find The Marjed Price of a ring which costs the jewler ₹1190
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Answer:
₹1700
Step-by-step explanation:
Cost Price (CP) = ₹1190
Gain = 20% = 20/100 × 1190 = ₹238
Selling Price (SP) = ₹1190 + ₹238 = ₹1428
Discount = 16%
=> (100-16)% of MP = SP
=> 84% of MP = ₹1428
=> 84/100 × MP = ₹1428
=> MP = 1428 × 100/84
=> MP = ₹1700
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₹1700 is the right answer
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