A man sold his watch at a loss of 5%. Had he sold it for Rs. 56.25 more, he would have gained 10%. What is the cost price of the watch (in Rs.)?
A. 365
B. 370
C. 375
D. 390
Answer: Option C
Solution(By Examveda Team)
He sold his watch at loss of 5%. If he sells his watch for Rs. 56.25 more, he would gain 10%. It means that 15% = Rs. 56.25. So, 1% = $$\frac{{56.25}}{{15}}$$ 100% = $$\frac{{56.25 \times 100}}{{15}}$$ = Rs. 375 Therefore, the cost price of the watch is Rs. 375This Question Belongs to Arithmetic Ability >> Profit And Loss
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Comments ( 2 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Profit=110 % loss=95%
110%-95%=56.25
15%=56.25.
100%=375
how u got 15
i mean why u added loss with profit