Answer:
The marked price = Rs 4,475.
Step-by-step explanation:
Let the marked price of the watch = x
Let the cost price of the watch = y
The given information are;
The marked price of the watch = 30% above the cost price
The discount when it was sold = 20%
The gain when it was sold = Rs 150
Therefore, we have marked price = y + 30/100×y = y + 0.3·y = 1.3·y
The selling price with 20% discount is therefore, 1.3·y - 0.2×1.3·y
The selling price = 1.04·y
The gain = Selling price - cost price = 1.04·y - y = 0.04·y
Rs 150= 0.04·y
y = Rs 150/0.04 = Rs 3,750
Therefore, the marked price = 1.3×y = 1.3×3,750 = Rs 4,875
The marked price = Rs 4,475.
