By selling a pair of earings at a discount of 25% on the marked price, a jeweller makes a profit of 16%. If the profit is Rs 48, what is the cost price? What is the marked price and the price at which the pair was eventually bought?

Explanation

Given

Total profit`= Rs. 48`

Profit %`=16%`

CP`=(48xx100)/16`

CP`=300`

SP`= C.P + profit`

SP`= Rs. 300 + Rs. 48`

SP`= Rs. 348`

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