Question : A merchant purchases a wristwatch for Rs. 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is:
Option 1: Rs. 650
Option 2: Rs. 700
Option 3: Rs. 550
Option 4: Rs. 600
Correct Answer: Rs. 600
Solution :
Let the listed price be $x$
Discount is $\frac{x}{10}$.
The selling price is $\frac{9x}{10}$
Given profit percentage is 20%.
So, selling price is $\frac{x}{10}$ = 120 × $\frac{450}{100}$
⇒ $\frac{9x}{10}$ = 540
⇒ x = 600
Hence, the answer is Rs. 600.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC MTS
