The marked price of a skirt was $231. After a 25% discount, the shopkeeper still makes a $42 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 231
=
75100 x 231
= $173.25
Cost price of the skirt
= 173.25 - 42
= $131.25
(b)
Profit in percentage
=
42131.25 x 100%
= 32%
Answer(s): (a) $131.25; (b) 32%