ABC26GN2795 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:

A seller allows a discount of 5\% on a watch. If he allows a discount of 7\% he earns ₹ 15 less in the profit. What is the marked price?

(a)₹ 697.50

(b)₹ 712.50

(c)₹ 750

(d)₹ 817.50

Answer

Answer (as printed): C

Explanation

Let the marked price be ₹ $x$. Then, 7\% of $x-5 \%$ of $x=15 \Rightarrow 2 \%$ of $x=15$ $$\Rightarrow x=\left(\frac{15 \times 100}{2}\right)=750 .$$

Explanation as extracted from the printed page; notation may be imperfect.

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