A watch is sold at 5% loss. if the cost price had been 20% more and selling price rs 115 less, there would be have been 40% loss. What is cost price?
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4
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11
Answer:
Rs 500
Step-by-step explanation:
Let say Cost Price = 100C Rs
Watch is sold at 5 % loss
Loss = (5/100) 100C = 5C
Selling Price = 100C - 5C = 95C Rs
cost price had been 20% more
=> Cost Price = 100C + (20/100)100C = 120C Rs
40% loss = (40/100) 120C = 48C Rs
Selling Price = 120C - 48C = 72C Rs
selling price rs 115 less
=> Selling Price = 95C - 115 Rs
95C - 115 = 72C
=> 23C = 115
=> C = 5
Cost Price = 100C = 500 Rs
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