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While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:

Correct answer: D. None of these

  • A. Rs. 697.50
  • B. Rs. 712.50
  • C. Rs. 787.50
  • D. None of these

Explanation

The discount changes by 7% - 5% = 2% of the marked price, and this reduces profit by Rs. 15, so 2% of the marked price = Rs. 15. Thus the marked price is Rs. 15 / 0.02 = Rs. 750, which is not listed; the likely mistake is selecting Rs. 697.50 or Rs. 712.50 without using the 2% difference.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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