Question

A man sold a whatch at a profit of 5% . If the cost price of the watch was 2000. What was it selling price

Answer 1

Given that,

CP = 2000

Profit = 5%

We know that,

$\sf \pink{\underbrace{\underline{\large \pink{SP = \bigg[1+ \frac{r}{100} \bigg]CP}}}}$

Where,

CP is 2000

r is 5%

$\sf\therefore \: \: {CP=\bigg[1 + \frac{5}{100} \bigg] \times 2000}$

$\sf{CP =\frac{105}{100} \times 2000}$

CP = 2100