Question

a watch dealer pays 10% customs duty on a watch which costs 500 rupees abroad . for how much he marks it , if he desires to make a profit of 20% after giving 25% discount ?

Answer 1

Given Actual price = 500.

Given that dealer pays 10% = 500 * 1.1

                                               = 550.


Given that he makes a profit of 20% = 550 * 1.2

                                                              = 660.

Given that discount is 25% = 660/0.75

                                             = 880.


Required marked price = 880.


Hope this helps!