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Question

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?

A
Rs 697.50
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B
Rs 712.50
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C
Rs 750
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D
Rs 817.50
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Solution

The correct option is C Rs 750
Let x be the profit when the seller allows 5% discount.
Then, (x15) is the profit when he allows 7% discount.
Now,
Selling price at 5% discount selling price at 7% discount =x(x15)
(1005)% of M.P (1007)% of M.P =x(x15)=15
2% of M.P =15
M.P. =15×1002=750
Marked Price is Rs. 750

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