Explanation:
When two items are sold at the same price, one at x% profit and the other at x% loss, the overall transaction results in a loss of (x^2)/100 %. Loss % = (10*10)/100 = 1%.
A watch dealer pays a 10% custom duty on a watch costing Rs. 500 abroad. He wants to make a 20% profit after allowing a 25% discount. What should be the marked price?
No comments yet. Be the first to start the discussion!