The marked price of a coat was $294. After a 30% discount, the shopkeeper still makes a $49 profit.
- What is the cost price of the coat?
- What is the profit in percentage?
(a)
Percentage of the price of the coat after 30% discount
= 100% - 30%
= 70%
Price of the coat at 30% discount
= 70% x 294
=
70100 x 294
= $205.80
Cost price of the coat
= 205.80 - 49
= $156.80
(b)
Profit in percentage
=
49156.80 x 100%
= 31.25%
Answer(s): (a) $156.80; (b) 31.25%