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?
Answer & explanation
Correct answer: option 1
Discount given by Rajkumar = 5%
Discount received by his brother = 8%
Difference between the discounts = 8% - 5% = 3%
3% = 45(Given)
100% = 1500