1) 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 1190.
2) After allowing a discount of 10% on the marked price, a trader still makes a gain of 17%. By what per cent is the marked price above the cost price?
Answers & Comments
Answer:
1)
C.P. of ring =Rs.1190
G
a
i
n
=
20
%
∴
S
.
P
.
o
f
r
i
n
g
.
=
C
.
P
.
×
(
100
+
g
a
i
n
%
)
100
=
R
s
.
1190
×
(
100
+
20
)
100
=
R
s
.1190
×
120
100
=
R
s
.1428
D
i
s
c
o
u
n
t
%
=
16
%
∴
M
a
r
k
e
d
p
r
i
c
e
=
S
.
P
.
×
100
(
100
−
d
i
s
c
o
u
n
t
%
)
=
R
s
.
1428
×
100
100
−
16
=
1428
×
100
84
=
R
s
.1700
A
n
s
.