Question

By selling a watch for Rs 1275, Javed lost 15%. At what price should he sell to make a profit of 10%

Answer 1

Answer: Rs. 1,650

Explanation:

First find the original price of the watch.

If the watch is sold at Rs. 1,275, there is a 15% loss.

Assume the watch is x.

(1 - 15%) * x = 1,275

0.85x = 1,275

x = 1,275 / 0.85

x = Rs. 1,500

Now add a 10% markup on the original:

= (1 + 10%) * 1,500

= 1.1 * 1,500

= Rs. 1,650