The marked price of a blazer was $198. After a 30% discount, the shopkeeper still makes a $33 profit.
- What is the cost price of the blazer?
- What is the profit in percentage?
(a)
Percentage of the price of the blazer after 30% discount
= 100% - 30%
= 70%
Price of the blazer at 30% discount
= 70% x 198
=
70100 x 198
= $138.60
Cost price of the blazer
= 138.60 - 33
= $105.60
(b)
Profit in percentage
=
33105.60 x 100%
= 31.25%
Answer(s): (a) $105.60; (b) 31.25%