Question

) The price of a watch is marked Rs 11,250. When it is sold allowing 20% discount,

20% profit is made. By what percent is the discount to be reduced to increase the
profit by 3%?​

Answer 1

Explanation:

the first step is to find the cost price

when 20% discount=

11250*80/100= 9000

the 20% discounted price is 9000

there is still a 20% profit in this 20% discount

so Cost.Price *120/100=9000

Cost price= 7500

now its asking for discount percentage at 3% profit so first calculate price after 3% profit

7500*103/100= 7725

so discount on rs11250 required to produce 3% profit=

11250*x/100=7725

x= 68.7% discount