A jeweller allows a discount of 16% to his customers and still gains 20%. Find the marked price of a ring which costs the jeweller Rs. 1190.

Question

Philoid · Accepted Answer

Cost Price = Rs.1190

Gain = 20%

Selling Price

= Rs.1428

Discount = 16%

Let × be the market price.

Market Price – Discount = Selling Price

× – 16% of × = 1428

× – 16x/100 = 1428

84x/100 = 1428

X= (1428 × 100) / 84

= Rs.1700

So, Market Price of ring is Rs.1700