A watch dealer pays 10 % customs duty on a wa | vedclass

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Question

(C) The cost price $(C.P.)$ of the watch including the customs duty is calculated as follows:$C.P. = 500 + (10 \% 	ext{ of } 500) = 500 + 50 = Rs.\,

Vedclass · Accepted Answer

$880$

Vedclass · Answer

(C) The cost price $(C.P.)$ of the watch including the customs duty is calculated as follows:$C.P. = 500 + (10 \% 	ext{ of } 500) = 500 + 50 = Rs.\, 550$.To earn a profit of $20 \%$,the selling price $(S.P.)$ must be:$S.P. = C.P. + (20 \% 	ext{ of } 550) = 550 + 110 = Rs.\, 660$.Let the marked price be $M.P.$. The dealer gives a discount of $25 \%$,so the selling price is $75 \% 	ext{ of } M.P.$$0.75 	imes M.P. = 660$.$M.P. = \frac{660}{0.75} = Rs.\, 880$.Therefore,the marked price should be $Rs.\, 880$.

$A$ watch dealer pays $10 \%$ customs duty on a watch which costs $Rs.\, 500$ abroad. He desires to make a profit of $20 \%$ after giving a discount of $25 \%$ to the buyer. The marked price should be (in $Rs.$)

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