The marked price of a skirt was $282. After a 30% discount, the shopkeeper still makes a $47 profit.
- What is the cost price of the skirt?
- What is the profit in percentage?
(a)
Percentage of the price of the skirt after 30% discount
= 100% - 30%
= 70%
Price of the skirt at 30% discount
= 70% x 282
=
70100 x 282
= $197.40
Cost price of the skirt
= 197.40 - 47
= $150.40
(b)
Profit in percentage
=
47150.40 x 100%
= 31.25%
Answer(s): (a) $150.40; (b) 31.25%