A merchant purchases a smartwatch for ₹1,800 and fixes its list price in such a way that, after allowing a discount of 10%, he earns a profit of 22%. The list price of the smartwatch (in ₹) is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2440.
CP = 1800
SP = (122/100) × 1800 = 2196
List price = (100/90) × 2196 = 2440