A shopkeeper buys a watch for ₹1600 and marks the price up by 20% of its
cost price. He allows 15% discount on marked price. Find
i. Marked price of the watch.
ii. Amount of discount given by shopkeeper.
iii. Profit percent made by the shopkeeper.
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Answer:
Step-by-step explanation:
i-120%x1600
=320
1600+320
=$1920
ii- 15%x1920
=288
1600+288
=$1888
iii- profit=orgignal price/sold price x100
1600/1888 x100
=84.7% (rounded to 1 d.p)
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