Question 87

A seller allows a discount of 5% on a watch . If he allows a discount of 7%, he earns Rs. 15 less in the profit What is the marked price ?

Solution

We know that,
Profit = Selling Price - Cost Price
Now, let the marked price be x
As per given condition,
(0.95x - Cost Price) - (0.93x - Cost Price) = 15
0.02x = 15
x = 750
Therefore, the correct option is option C.

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NICL Administrative Officer (AO) Finance Exam 2013 Question paper

A seller allows a discount of 5% on a watch . If he allows a discount of 7%, he earns Rs. 15 less in the profit What is the marked price ?

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