Q10 of 94 Page 138

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.

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


More from this chapter

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8

A dealer purchased a fan for Rs. 1080. After allowing a discount of 25% on its marked price, he gains 25%. Find the marked price of the fan.

 9

A dealer bought a refrigerator for Rs. 11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the refrigerator.

 11

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?

 12

How much per cent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 10% on the marked price, he gains 8%?