Question

    A watch was sold with a 20% profit. The marked price of

    the watch over its cost price is Rs. 960. If the ratio of profit earned to discount offered is 1:2, what is the selling price of the watch?
    A Rs.165 Correct Answer Incorrect Answer
    B Rs.700 Correct Answer Incorrect Answer
    C Rs.652 Correct Answer Incorrect Answer
    D Rs.720 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let, the cost price of the Watch be Rs. '5p'. So, the selling price of the watch = 1.2 × 5p = Rs. '6p' Profit earned = 6p - 5p= Rs. 'p' Discount offered = Rs. (960 - 6p) ATQ, (p/(960-6p))= 1/2 Or, 2p = 960 - 6p Or, 8p = 960 So, p = (960/8) = 120 So, the selling price of the watch = 6p = 6 × 120 = Rs.720

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