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 ?
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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!
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!
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