Question

By selling a gold ring at a discount of 25% on the marked price, a jeweller makes a profit of 16%. Is the
profit is 480, find its cost price and marked price.​

Answer 1

CP=G

Profit =G×16/100=480

G=48000/16=3000

CP=₹3000

SP=3000+480=3480₹

MP=3480×125/100=₹4350

Hope it helps!!!!!!!