The marked price of a skirt was $168. After a 10% discount, the shopkeeper still makes a $36 profit.
- What is the cost price of the skirt?
- What is the profit in percentage?
(a)
Percentage of the price of the skirt after 10% discount
= 100% - 10%
= 90%
Price of the skirt at 10% discount
= 90% x 168
=
90100 x 168
= $151.20
Cost price of the skirt
= 151.20 - 36
= $115.20
(b)
Profit in percentage
=
36115.20 x 100%
= 31.25%
Answer(s): (a) $115.20; (b) 31.25%