Question

7. A man sold his watch at a loss of 5%. Had he sold it
for 56.25 more, he would have gained 10%. What is
the cost price (in ) of the watch?
(a) 370
(b) 365
(c) 375 (d) 390​

Answer 1

Answer:

C) 375

Step-by-step explanation:

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% = 56.2515

100% = 56.25×10015

= Rs. 375

Therefore, the cost price of the watch is Rs. 375