Question
Download Solution PDFThe cost price (CP) of a toy is 1/5th of the selling price (SP) of a watch. A discount of 20% was given on the watch. If the cost price of the toy is ₹100, what is the marked price (MP) of the watch?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFStep 1: Given:
CP of toy = ₹100
CP of toy = 1/5 × SP of watch
⇒ 100 = (1/5) × SP of watch
⇒ SP of watch = 100 × 5 = ₹500
A discount of 20% was given on the watch.
⇒ SP = MP × (1 − 20%) = MP × 0.8
We know SP = ₹500
⇒ 500 = MP × 0.8
⇒ MP = 500 ÷ 0.8 = ₹625
Thus, the correct answer is ₹625.
Last updated on Jun 17, 2025
-> The IBPS Customer Service Associate (Clerk) Prelims 2025 will be held on 4th, 5th, 11th October 2025.
-> The Mains 2025 exam will take place on 29th November 2025.
-> The IBPS Clerk designation name has been changed to “Customer Service Associate” (CSA). This change in designation is effective from 01.04.2024.
-> The IBPS Clerk Notification 2025 is likely to be released in July, 2025.
-> Candidates with a graduate degree are eligible for this post.
->The selection process includes prelims and mains examinations.
-> Candidates must refer to the IBPS Clerk Previous Year Papers and IBPS Clerk Mock Test to prepare well.
-> Candidates can also Attempt Free Current Affairs Banking Mock Test