Multiple choice

A seller allows a discount of $5\%$ on a watch. If he allows a discount of $7\%$, he earns Rs. $15$ less in the profit. What is the marked price?

  1. Rs. $697.50$
  2. Rs. $712.50$
  3. Rs. $750$
  4. Rs. $817.50$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let marked price be P. (0.95)P - (0.93)P = 15. So 0.02P = 15. P = 15 / 0.02 = 750.

AI explanation

The difference between the two discounts is 7% minus 5%, which is a 2% difference in the selling price relative to the marked price. This 2% difference corresponds to the Rs. 15 drop in profit. Setting up the equation 2% of Marked Price equals 15, we find the marked price by calculating 15 divided by 0.02. The marked price is Rs. 750.

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