The marked price of a jacket was $187. After a 25% discount, the shopkeeper still makes a $34 profit.
- What is the cost price of the jacket?
- What is the profit in percentage?
(a)
Percentage of the price of the jacket after 25% discount
= 100% - 25%
= 75%
Price of the jacket at 25% discount
= 75% x 187
=
75100 x 187
= $140.25
Cost price of the jacket
= 140.25 - 34
= $106.25
(b)
Profit in percentage
=
34106.25 x 100%
= 32%
Answer(s): (a) $106.25; (b) 32%