Question : While selling a 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:
Option 1: Rs. 697.50
Option 2: Rs. 712.50
Option 3: Rs. 750
Option 4: None of these
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Correct Answer: Rs. 750
Solution : Given: While selling a watch, a shopkeeper gives a discount of 5%. If he gives a discount of 7%, he earns Rs. 15 less as profit. Here (7 – 5)% = 2% is equivalent to Rs. 15. Then 100% is equivalent to $(\frac{15×100}{2})$ = Rs. 750 Hence, the correct answer is Rs. 750.
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