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Profit and Loss Practice Test 3
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© examsnet.com
Question : 12
Total: 40
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:
Rs 650
Rs 700
Rs 550
Rs 600
Validate
Solution:
Let the marked price = x
SP of watch = x - 10% of x after discount
=
x
−
10
x
100
=
9
10
x
Cost price of the watch = Rs 450
According to the statement,
9
10
x
−
450
=
450
×
20
100
9
x
−
4
,
500
=
900
9
x
=
5
,
400
x
=
5400
9
=
600
Marked price = Rs 600
© examsnet.com
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