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:
Step-by-step explanation:
SOLUTION
Let the cost price of watch = ₹ x
Profit = 1\6
Selling Price = ₹ 1505
FORMULAE
⇒Profit=SP-CP
⇒ Profit + CP =SP
⇒ x/6+x=1505
⇒ 7x/6=1505
⇒ 7x = 1505×6
⇒ 7x=9030
⇒ x = 9030/7
⇒ x = 1290 rupees
ANSWER
COST PRICE = Rs 1290
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