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A man sold his watch at a loss of 5 Had...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

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.)?

Answer & Solution
Correct Answer: Option C
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. 375
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2 Comments
Vaishnavi Boje
Vaishnavi Boje 6 years ago
Profit=110 % loss=95%
110%-95%=56.25
15%=56.25.
100%=375
Savio N
Savio N 10 years ago
how u got 15
i mean why u added loss with profit
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