1.

By selling a pair of earrings at a discount of 25% on the marked price, a jeweller makes a profit of 16%. If the profit is Rs. 48, what is the cost price? What is the marked price and the price at which the pair was eventually bought?

Answer»

Given,

Earrings are bought at 25% discount

Profit percent of seller = 16%

Gain = Rs 48

So, by using the formula,

Gain% = (gain/CP) × 100

16 = (48/CP) × 100

16/100 = 48/CP

CP = (48×100)/16

= Rs 300

Now,

CP = Rs 300

Cost price of the earrings = Rs 300

Profit = Rs 48

Profit = SP – CP

SP = Profit + CP

= 48 + 300

= 348

Given, additional discount of 25%

By using the formula

MP = (100 × SP) / (100 – Discount %)

= (100 × 348) / (100 – 25)

= (100 × 348) / 75

= 34800/75

= Rs 464

∴ Marked Price is Rs 464, CP is 300 and Final selling price is 348.



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