Mathematics · Profit and Loss
A high-end watch is initially marked up by 50% above its cost price. During a sale, it is offered at a discount of 20% on its marked price. However, a special customer receives an additional discount of y% on the discounted price, bringing the final selling price to ₹4,320. If the shopkeeper still makes a profit of 8% on the cost price after all discounts, what was the original cost price (CP) of the watch and the value of y?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1CP = ₹5,000, y = 8%
- 2CP = ₹4,800, y = 12.5%
- 3CP = ₹4,500, y = 5%
- 4CP = ₹4,000, y = 10%✓
Correct answer
CP = ₹4,000, y = 10%
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