A man bought a watch for 12% discount. If he had bought it for 24% discount, he would have got the watch for Rs.2400 less. The marked price of the watch is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.20,000.
Calculations:
Let the marked price be 100x
Man bought it for 12% discount, selling price = 88% of 100x = 88x
If he had bought it for 24% discount, selling price = 76% of 100x = 76x
According to the question;
⇒ 88x - 76x = 2400
⇒ 12x = 2400
⇒ x = 200
Hence, marked price = 100x = 100 × 200 = Rs 20000