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A merchant purchases a watch for Rs. 510 and fixes its marked price in such a way that after allowing a discount of 15%, he earns a profit of 30%. What is the marked price (in Rs.) of the watch?
  • a)
    650
  • b)
    690
  • c)
    780
  • d)
    730
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A merchant purchases a watch for Rs. 510 and fixes its marked price in...
Cost Price = 510
Profit = 30%
⇒ Selling Price = 510 + 0.3 × 510 = 663
Let the Marked Price be x
⇒ SP = x – 0.15x = 0.85x
⇒ 0.85x = 663
⇒ x = 663/0.85 = Rs. 780
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A merchant purchases a watch for Rs. 510 and fixes its marked price in such a way that after allowing a discount of 15%, he earns a profit of 30%. What is the marked price (in Rs.) of the watch?a)650b)690c)780d)730Correct answer is option 'C'. Can you explain this answer?
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A merchant purchases a watch for Rs. 510 and fixes its marked price in such a way that after allowing a discount of 15%, he earns a profit of 30%. What is the marked price (in Rs.) of the watch?a)650b)690c)780d)730Correct answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about A merchant purchases a watch for Rs. 510 and fixes its marked price in such a way that after allowing a discount of 15%, he earns a profit of 30%. What is the marked price (in Rs.) of the watch?a)650b)690c)780d)730Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A merchant purchases a watch for Rs. 510 and fixes its marked price in such a way that after allowing a discount of 15%, he earns a profit of 30%. What is the marked price (in Rs.) of the watch?a)650b)690c)780d)730Correct answer is option 'C'. Can you explain this answer?.
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