By selling a pair of earings at a discount of 25% on the marked price, a jeweller makes a
a profit of 16%. If the profit is Rs 48, what is the cost price? What is the marked price makes
and the price at which the pair was eventually bought?
please help me
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Answer:
Total profit = Rs. 48
Profit percent =16%
∴ Cost price =48×10016=Rs.300
Selling Price = C.P + profit
= Rs. 300 + Rs. 48 = Rs. 348
Rate of discount 25%
∴ Marked price =S.P×100100−discount%
=348×100100−25=348×10075
=Rs.116×4=Rs.464
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