The marked price of a skirt was $458. After a 25% discount, the shopkeeper still makes a $31 profit.
- What is the cost price of the skirt?
- What is the profit in percentage?
(a)
Percentage of the price of the skirt after 25% discount
= 100% - 25%
= 75%
Price of the skirt at 25% discount
= 75% x 458
=
75100 x 458
= $343.50
Cost price of the skirt
= 343.50 - 31
= $312.50
(b)
Profit in percentage
=
31312.50 x 100%
= 9.92%
Answer(s): (a) $312.50; (b) 9.92%