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While selling a watch, a shopkeeper gives a discount of 15%. If he gives a discount of 20% he earns Rs.51 less in profit. What is the original price of the watch?

Question and options

While selling a watch, a shopkeeper gives a discount of 15%. If he gives a discount of 20% he earns Rs.51 less in profit. What is the original price of the watch?
  1. Rs.1,000
  2. Rs.1,020
  3. Rs.959
  4. Rs.847

Answer and explanation

Correct answer: B - Rs.1,020
Let the marked price be P. Raising the discount from 15% to 20% lowers the selling price, and so the profit, by 5% of P. So 0.05P = Rs 51 and P = Rs 1,020. Rs 1,000 is wrong because 5% of it is only Rs 50.

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  • CUSAT Three-Year LL.B.

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