By selling a watch for rs 1505, a man gains 1/6 of its cost price. Find the cost price of the watch.
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Answer:
S.P.= rs 1505
Profit=1/6 of the C.P.
C.P.=?
Let the C.P.= x
Profit = 1/6*CP
=1/6x
S.P.=rs 1505
We know that...
SP=gain+CP
=>1505=1/6x+x
=>1505=1x+6x
6
=>1505= 7x
6
=>1505*6=7x
=>9030=7x
=>x=9030
7
=> x=1290
Therefore, cost price of watch =1290
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