The marked price of a coat was $192. After a 30% discount, the shopkeeper still makes a $32 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 192
=
70100 x 192
= $134.40
Cost price of the coat
= 134.40 - 32
= $102.40
(b)
Profit in percentage
=
32102.40 x 100%
= 31.25%
Answer(s): (a) $102.40; (b) 31.25%