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While selling a watch, a shop keeper giv...

While selling a watch, a shop keeper gives a discount of 5%. If he gives a discount of 6%, he earns Rs.15 less as profit. What is the marked price of the watch?

A

Rs. 1250

B

Rs. 1400

C

Rs. 1500s

D

Rs. 750

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote the marked price of the watch as \( x \). ### Step 1: Calculate Selling Price with 5% Discount When the shopkeeper gives a discount of 5%, the selling price (SP1) can be calculated as: \[ SP1 = x - 0.05x = 0.95x \] ### Step 2: Calculate Selling Price with 6% Discount When the shopkeeper gives a discount of 6%, the selling price (SP2) can be calculated as: \[ SP2 = x - 0.06x = 0.94x \] ### Step 3: Set Up the Profit Equation Let the cost price (CP) of the watch be \( CP \). The profit when selling at a 5% discount is: \[ Profit1 = SP1 - CP = 0.95x - CP \] The profit when selling at a 6% discount is: \[ Profit2 = SP2 - CP = 0.94x - CP \] According to the problem, the profit at a 6% discount is Rs. 15 less than the profit at a 5% discount: \[ Profit2 = Profit1 - 15 \] Substituting the expressions for profit: \[ 0.94x - CP = (0.95x - CP) - 15 \] ### Step 4: Simplify the Equation Now, we can simplify the equation: \[ 0.94x - CP = 0.95x - CP - 15 \] Cancelling \( CP \) from both sides: \[ 0.94x = 0.95x - 15 \] Rearranging gives: \[ 0.94x - 0.95x = -15 \] \[ -0.01x = -15 \] ### Step 5: Solve for Marked Price Now, we can solve for \( x \): \[ x = \frac{-15}{-0.01} = 1500 \] ### Conclusion The marked price of the watch is: \[ \boxed{1500} \]
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