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.

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


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