By selling a pair of ear rings at a discount of 25% on the marked pric

1.	By selling a pair of ear rings 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, Earnings are bought at 25% discount Profit of seller = 16% \(\frac{16}{100}\) = \(\frac{profit}{C.P.}\) C.P. = \(\frac{48\times 100}{16}\) C.P. = 200 Cost price of ear ring = 300/- And profit = 48 S.P. – C.P. = 48 S.P. = C.P. + 48 S.P. = 348 And given discount = 25% \(\frac{25}{100}\) = \(\frac{M.P.-S.P.}{M.P.}\) S.P. = \(\frac{75}{100}\)M.P. M.P. = \(\frac{100\times 348}{75}\) = 464 So, marked price = 464/-

By selling a pair of ear rings 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,

Earnings are bought at 25% discount

Profit of seller = 16%

\(\frac{16}{100}\) = \(\frac{profit}{C.P.}\)

C.P. = \(\frac{48\times 100}{16}\)

C.P. = 200

Cost price of ear ring = 300/-

And profit = 48

S.P. – C.P. = 48

S.P. = C.P. + 48

S.P. = 348

And given discount = 25%

\(\frac{25}{100}\) = \(\frac{M.P.-S.P.}{M.P.}\)

S.P. = \(\frac{75}{100}\)M.P.

M.P. = \(\frac{100\times 348}{75}\) = 464

So, marked price = 464/-