The selling price of a watch after succe

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price of a watch after successive discounts of 20% and 20% is ₹640. What is the marked price of the watch?

Options:

₹1,000

₹800

₹900

₹1,200

Correct Answer:

₹1,000

Explanation:

Selling price = Rs.640

Successive discounts% = 20% and 20%

Let the marked price = x

then according to the question,

x × \(\frac{4}{5}\) × \(\frac{4}{5}\) = 640

x = ₹1,000