a watch was bought for rs 1200. at what labeled price it should be sold to gain 1/3 after discount of 20%. find selling price also.
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Answered by
26
Answer:
Lebeled Price of watch = Rs. 2000
Selling price pf the watch = Rs. 1600
Step-by-step explanation:
Purchase price of the watch P = Rs. 1200
Let the Labeled price = L
Profit earned is 1/3 of the purchase price.
20% discount was offered on the labeled price.
∴ Selling price = Lebeled price - 20% discount
∴ S = L - 20% L
∴ S = 0.8 L ..... (1)
This selling price earns 1/3 profit on purchase
∴ S = P + (1/3)P
∴ S = (4/3) P ..... (2)
As we know, P = 1200
∴ S = (4/3) × 1200
∴ S = Rs. 1600
Substituting this value in eqn 1, we get lebeled price as
1600 = 0.8L
∴ L = 1600 ÷ 0.8
∴ L = Rs.2000
∴ Lebeled Price of watch = Rs. 2000
Selling price pf the watch = Rs. 1600
Answered by
6
Answer:
NICE
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