A watch was sold on it's marked price at a gain of 30%. But allowing 10% discount, there would have been Rs 510. Find the cost price of watch.
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Answer:
Cost Price = 510
Profit = 30%
⇒ Selling Price = 510 + 0.3 × 510 = 663
Let the Marked Price be x
⇒ SP = x – 0.15x = 0.85x
⇒ 0.85x = 663
⇒ x = 663/0.85 = Rs. 780
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