Rajkumar decides to sell his watch at a discount of 5%. However, his brother purchases it from him and receives an 8% discount. Raj loses Rs.45 in profit as a result of this. What was the watch's marked price?

Rs.1,500

Discount given by Rajkumar = 5%

Discount received by his brother = 8%

Difference  between the discounts = 8% - 5% = 3% 

3% = 45(Given)

100% = 1500