The marked price of a coat was $104. After a 10% discount, the shopkeeper still makes a $36 profit.
- What is the cost price of the coat?
- What is the profit in percentage?
(a)
Percentage of the price of the coat after 10% discount
= 100% - 10%
= 90%
Price of the coat at 10% discount
= 90% x 104
=
90100 x 104
= $93.60
Cost price of the coat
= 93.60 - 36
= $57.60
(b)
Profit in percentage
=
3657.60 x 100%
= 62.5%
Answer(s): (a) $57.60; (b) 62.5%