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 aresult of this. What was the watch's marked price?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs 1500
According to the question
8% MP - 5% MP = 45
3% MP = 45
MP = 4500/3 = 1500 Rs