Question
A watch is purchased for Rs. 4200 and Rs. 300 is spent
on its repair. The watch is then marked 20% above its effective cost price and then sold for Rs. 4950 after offering some discount. Find the discount offered.Solution
Effective cost price of the watch = 4200 + 300 = Rs. 4500 Marked price of the watch = 120% of 4500
= 1.2 × 4500 = Rs. 5400 Discount offered = 5400 − 4950 = Rs. 450
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