Q. 104.5( 29 Votes )
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%
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
So, Market Price of ring is Rs.1700
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