Question

Even after reducing the marked price of a fan by Rs64, a shopkeeper makes a profit of 15%. If the cost price of fan is Rs640 what percent of profit would have been made if he had sold the fan at the market price?

Answer 1

Let the Marked Price of Fan be $M$

And Cost Price = $Rs.640$

According to question $M-64=\frac{115}{100}\times 640$

Solving we get $M=800$

So If fan is sold at market price , Profit = $Rs.160$

Thus Profit % = $25$%