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While selling a watch, a shopkeeper give...

While selling a watch, a shopkeeper gives a discount of 15%. If he gives a discount of 20%, he earns Rs 51 less as profit. What is the original price of the watch?

A

Rs 920

B

Rs 985

C

Rs 1125

D

Rs 1020

Text Solution

AI Generated Solution

The correct Answer is:
To find the original price of the watch, let's denote the original price as \( P \). 1. **Calculate Selling Price with 15% Discount:** - If the shopkeeper gives a discount of 15%, the selling price (SP1) can be calculated as: \[ SP1 = P - 0.15P = 0.85P \] 2. **Calculate Selling Price with 20% Discount:** - If the shopkeeper gives a discount of 20%, the selling price (SP2) can be calculated as: \[ SP2 = P - 0.20P = 0.80P \] 3. **Determine the Profit Difference:** - According to the problem, the profit when selling at a 20% discount is Rs 51 less than the profit when selling at a 15% discount. - Let’s denote the cost price (CP) of the watch as \( C \). - The profit when selling at 15% discount is: \[ \text{Profit1} = SP1 - C = 0.85P - C \] - The profit when selling at 20% discount is: \[ \text{Profit2} = SP2 - C = 0.80P - C \] 4. **Set Up the Equation:** - According to the problem: \[ \text{Profit1} - \text{Profit2 = 51} \] - Substituting the profit expressions: \[ (0.85P - C) - (0.80P - C) = 51 \] - Simplifying this gives: \[ 0.85P - 0.80P = 51 \] \[ 0.05P = 51 \] 5. **Solve for Original Price \( P \):** - To find \( P \), divide both sides by 0.05: \[ P = \frac{51}{0.05} = 1020 \] Thus, the original price of the watch is **Rs 1020**.
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