Question

As part of Diwali dhamaka offer,a jeweller allows a discount of 15%. Even after giving the discount, he makes a profit of 6.25%. Anil bought a gold chain which was marked at ₹ 5000. Find the cost price of this chain for the jeweller.

Answer 1

Marked price of the chain=₹ 5000
Discount given=15%
`implies S.P.=M.P.((100-"Discount Percentage"))/(100)=(5000)((100-15)/(100))=₹ 4250`
`:.` The selling price of the chain =₹ 4250
Also given that the jeweller makes a profit of 6.25%
`implies C.P.=(S.P.(100))/((100+"Profit Percentage"))=((4250)(100))/((100+6.25))=₹ 4000`
`:.` The cost price of the chain=₹ 4000.