b) The price of a watch is marked Rs 11,250. When it is sold allowing 20% discount,20% profit is made. By what percent is the discount to be reduced to increase the profit by 3%?
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Sp=11250x80/loo= 9000
CP = 9 ooox100/l2o=Rs7500
To increase Profit by 3%
Sp=7500 x 123/1oo = 9225
Discount = 11250-9225=2025
New Disc:=20 25x1oo/11250 =I8%
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