By selling a pair of earings 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?

Question

Philoid · Accepted Answer

Given,

Earings are bought at 25% discount

Profit of seller = 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%

So, marked price = 464/-