A person sells an article on the price that is obtained after reducing its marked price by Rs. 640, and gains 15%. If the cost price of the article is Rs. 4800, what percentage of profit will he get if he sells it at the marked price?
Given:
Cost Price (CP) = ₹4800
Selling Price (SP) after reducing marked price by ₹640 gives a 15% gain
Required: Profit % if the article is sold at Marked Price (MP)
Formula Used:
Gain % =
SP =
Solution:
SP =
So,
MP = SP + 640 = 5520 + 640 = ₹6160
Now, if he sells at MP, profit = 6160 - 4800 = ₹1360
Profit % =
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