A shopkeeper marked a watch at ₹800. He sold it after allowing a 15% discount. If his profit on the sale was 20%, what was the cost price of the watch?
₹566.67
Step 1 – Selling Price:
\(SP = 800 \times \dfrac{{85}}{{100}} = ₹680\)
Step 2 – Cost Price (using 20% profit):
\(SP = CP \times \dfrac{{120}}{{100}} \implies CP = \dfrac{{680 \times 100}}{{120}} = ₹566.67\)
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