Ram gave a discount of 20% on the marked price of an item and still gained 10.4%. How much would have Ram gained, if he sold the item at the marked price?
Let the MP =100. Discount =20% SP =100×80/100=80Rs. At the 10.4% profit- CP =80×100/110.4 CP=72.4. If he sold the item at the marked price, then the selling price =100 Profit =100-72.4=27.6 Profit % =27.6/72.4) ×100 =38.1%.
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