A merchant purchases a watch for Rs. 560 and ﬁxes its marked price in such a way that even after allowing a discount of 20%, he earns a proﬁt of 40%. What is the marked price (in Rs) of the watch?

A merchant purchases a watch for Rs. 560 and ﬁxes its marked price i

1.	A merchant purchases a watch for Rs. 560 and ﬁxes its marked price in such a way that even after allowing a discount of 20%, he earns a proﬁt of 40%. What is the marked price (in Rs) of the watch?
A.	600
B.	980
C.	660
D.	750
Answer» C. 660

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A merchant purchases a watch for Rs. 560 and ﬁxes its marked price in such a way that even after allowing a discount of 20%, he earns a proﬁt of 40%. What is the marked price (in Rs) of the watch?

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