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Parvinder sold a watch at a loss of 5%. If he had sold that watch for ₹27 more, he would have gained 7%. Find the cost price of the watch.
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Cost price =
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Answer:
let the cost price= Rs x
1) loss=l=5% selling price(s1)=x(100-1%)/100 =x(100-5)/100 =95x/100---(1)
2) gain (g)=7% selling price(s2)= x(100+g)/100 = x(100+7)/100 =107x/100---(2) but
(2) - (1)=27
107x/100 - 95x/100=27 12x/100=27 x=27*100/12 after cancellation x=225 therefore cost price=Rs225
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