Jeff bought a watch from a wholesale dealer at 28% from the original price.He then sold the watch on ebay and earned a profit of 33.33 % even after giving a discount of 20%.How much percent would he have marked as compared to the original price of the watch?

A

10%

B

30%

C

20%

D

15%

Explana…

Question

Jeff bought a watch from a wholesale dealer at 28% from the original price.He then sold the watch on ebay and earned a profit of 33.33 % even after giving a discount of 20%.How much percent would he have marked as compared to the original price of the watch?

A

10%

B

30%

C

20%

D

15%

Explanation

Assume the original price of watch as 100.
price at which Jeff bought = 72
price at which watch is sold = 72 + 33.33%72=96
thus marked price = 96/.8 = 120
∴the price has been marked up by 20% compared to the original price.

don't you guyz review your questions ...in questions it is said that Jeff brought watch at 28% of original price ..but in solution it is shown as he bought at discount of 28% ..

Akhilesh Singh · Answer

Hi  Vishmit, Sorry for the mistake. We have corrected it now. We regret the inconvenience caused to you. We will try our best that such typos don't occur in future.  Thanks for pointing out the mistake.

Join CAT 2026 course by 5-Time CAT 100%iler

Download resources