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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Answer:
original price of watch = rs.11250
price after discount = 11250-20%11250
=11250-2250
=9000
20 % profit was made
let the cost price be x
profit = s.p -c.p
20%x = 9000 - x
x/5 =9000 -x
x/5 + x =9000
6x/5 =9000
6x = 45000
x = 7300
c.p =x = 7300
profit = 20%7300
= 1460
new profit = 3%7300
=219
decrease in discount = 219 x 100/7300
=3%
in order to have a profit of 3% more decrease the discount by 3%.
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