Rahim bought a gift item for 510 after getting a discount of 15%. He then sells it 5% above the marked price. The profit earned in this deal is?

• if the discount price was 85% which is = 510
  then the marked price is 100% = (100/85)*510=600
  then new selling price is 105%=(105/100)*600=630
  hence profit earned is 630-510=120
• 12 years agoHelpfull: Yes(4) No(1)
• total profit percent is 20%. profit amount = 120
  
  Market price = (510/85)*100 = 600
  5% above Market price = (600/100)*105 = 630
  
  So total profit amount = 630 - 510 = 120
  profit percent = (120/600)*100 = 20%
• 12 years agoHelpfull: Yes(1) No(2)