A Watch costs Rs. 6000 and it is marked up 40% by the seller. A customer walks into the shop and seems interested in the watch. The seller gets greedy seeing this and he raises the mark-up to 80% and gives a discount of 20% to the customer. How much more/less money would he had made if he was not greedy?

A Watch costs Rs. 6000 and it is marked up 40% by the seller. A customer walks into the shop and seems interested in the watch. The seller gets greedy seeing this and he raises the mark-up to 80% and gives a discount of 20% to the customer. How much more/less money would he had made if he was not greedy? Correct Answer 240 less

Calculation:

We can compare Selling Price to get the answer.

First Scenario: When mark-up was 40%.

⇒ 140% of 6000

⇒ 8400

Second Scenario: When there is a mark-up of 80 % and then a discount of 20%

⇒ 80% of 180% of 6000

⇒ 8640

In the second scenario, he is earning Rs. 240 less.

So, we can say that he would have earned Rs. 240 less, had he not gotten greedy.