SSC CPO SI and ASI 2016 Paper

Question : 143 of 200

Marks: +1, -0

A merchant purchases a wrist watch for Rs. 1200 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. The list price of the watch is

Rs. 1400
Rs. 1600
Rs. 1800
Rs. 1200

Validate

Solution:

(2) List Price

=1200 ×{100+ { \profit % }}/{100- { \Discount %} }

=1200×{120}/{90}=Rs. 1600

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