Question
The ratio of the cost price to the marked price of a watch
is 6:11. If a discount of 15% is given, the shopkeeper earns a profit of Rs. 240. Find the marked price of the watch.Solution
ATQ,
Let the cost price of the watch be Rs. ‘6x’ and the marked price be Rs. ‘11x’.
ATQ;
Selling price of the watch = 11x × 0.85 = Rs. ‘9.35x’
Profit = 9.35x – 6x = Rs. ‘3.35x’
So, 3.35x = 240
Or, x = 71.64
So, marked price of the watch = 11 × 71.64 = Rs. 788
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