Problema Solution
A wathch dealer pays 10% custom duty on a watch which costs rs 500 abroad.for how should much he mark it ,if he desires to make a profit of 20% after giving a discount of 25% to the buyer?
Answer provided by our tutors
price = 550
customer duty 10% so net price = 500*1.1 = 550
he wants 20% profit so he want to sell at 550*1.2 = 660
He want to give discount of 25% so the price would be 660/0.75 = $880
answer is $880