1. A watch store owner dcided to offer 20% discount for a particular brand of watch that sells at P35,000.00. By doing so, his average sales increased from 5 watcher to 12 watches a day. if he bought one watch at a price of P22,000.00 fom the supplier, bw how much was his daily profit increased or decreased by offering such discount on watch?

1. A watch store owner dcided to offer 20% discount for a particular brand of watch that sells at P35,000.00. By doing so, his average sales increased from 5 watcher to 12 watches a day. if he bought one watch at a price of P22,000.00 fom the supplier, bw how much was his daily profit increased or decreased by offering such discount on watch?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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A watch store owner decide to offer a 20% discount for a particular brand of watch which sells at ₱ 35,000.00. By doing so, his average sales increased from 5 watches to 12 watches a day. If he bought one watch at a price of ₱ 22,000.00 from the supplier, how much is the average daily sales of watch without giving 20% discount?
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