Question

by selling a gold ring at a discount of 25% on the marked price a jeweller make a profit of 16% if the profit is Rs 480 what is the cost price what is the marked prices

Answer 1

The cost price is Rs.3000.

The market price is Rs.4640.

Step-by-step explanation:

Given : By selling a gold ring at a discount of 25% on the marked price a jeweler make a profit of 16% if the profit is Rs 480.

To find : What is the cost price what is the marked prices ?

Solution :

Profit percent of seller = 16%

Gain = Rs. 48 0

Using gain percent formula,

$G\%=\frac{G}{CP}\times 100$

$16=\frac{480}{CP}\times 100$

$CP=\frac{480}{16}\times 100$

$CP=3000$

The cost price is Rs.3000.

Profit = Rs. 48 0.

Profit = Selling price - Cost price

480 = Selling price - 3000

Selling price = 3000+480

Selling price =Rs. 3480

Discount percentage D%= 25%

Using market price formula ,

$MP = \frac{100\times SP}{100-D\%}$

$MP = \frac{100\times 3480}{100-25}$

$MP = \frac{348000}{75}$

$MP =4640$

The market price is Rs.4640.

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Find the selling price if the marked price is rs 480 and discount offered is 3%.

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Answer 2

The cost price is Rs.3000.

The market price is Rs.4640.

Step-by-step explanation:

Given : By selling a gold ring at a discount of 25% on the marked price a jeweler make a profit of 16% if the profit is Rs 480.

To find : What is the cost price what is the marked prices ?

Solution :

Profit percent of seller = 16%

Gain = Rs. 48 0

Using gain percent formula,

G\%=\frac{G}{CP}\times 100G%=

CP

G

×100

16=\frac{480}{CP}\times 10016=

CP

480

×100

CP=\frac{480}{16}\times 100CP=

16

480

×100

CP=3000CP=3000

The cost price is Rs.3000.

Profit = Rs. 48 0.

Profit = Selling price - Cost price

480 = Selling price - 3000

Selling price = 3000+480

Selling price =Rs. 3480

Discount percentage D%= 25%

Using market price formula ,

MP = \frac{100\times SP}{100-D\%}MP=

100−D%

100×SP

MP = \frac{100\times 3480}{100-25}MP=

100−25

100×3480

MP = \frac{348000}{75}MP=

75

348000

MP =4640MP=4640