A merchant purchases a watch for Rs. 450 and fixes its marked price in such a way that after allowing a discount of 40%, he earns a profit of 20%. What is the marked price (in Rs.) of the watch?

A merchant purchases a watch for Rs. 450 and fixes its marked price in

1.	A merchant purchases a watch for Rs. 450 and fixes its marked price in such a way that after allowing a discount of 40%, he earns a profit of 20%. What is the marked price (in Rs.) of the watch?
A.	880
B.	980
C.	900
D.	940
Answer» D. 940

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A merchant purchases a watch for Rs. 450 and fixes its marked price in such a way that after allowing a discount of 40%, he earns a profit of 20%. What is the marked price (in Rs.) of the watch?

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