A merchant purchases a wrist watch for $ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

A merchant purchases a wrist watch for $ 450 and fixes its list price

1.	A merchant purchases a wrist watch for $ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is
A.	$ 650
B.	$ 700
C.	$ 550
D.	$ 600
Answer» E.

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A merchant purchases a wrist watch for $ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

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