Question

A merchant makes a profit of 8% even after giving a
10% discount. What will be the profit if he sells at
marked price?
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Answer 1

Answer:

20%

Step-by-step explanation:

20% above the cost price.

Let the marked price is ₹100

So selling price should be = 90% of 100 or ₹90

Which clearly says that we are earning 8% profit on 90%

SP = 90/108

SP = 5/6

So the CP = 5

SP = 6

Profit = 1

Profit = 1/5*100 = 20%

The item should be hiked by 20% to gain 8% profit.