on selling a watch for Rs 1100 there is a some loss if the same wrist watch is sold for rupees 1600 the profit is equal to the loss find the cost price of the watch
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The cost price of the watch is ₹1350. (Option 2)
• Given data :
Loss amount when the selling price is rupees 1100 = Profit amount when the selling price is rupees 1600.
• Let,the cost price = ₹ x (Assume x as a variable to calculate the cost price of the watch)
• So,the loss amount in the first case :
= Purchasing price - Selling price
= ₹ x-1100
(In the loss deal,the purchasing price will be greater than the selling price)
• So,the profit amount in the second case :
= Selling price - Purchasing price
= ₹ 1600-x
(In the profitable deal the selling price is greater than purchasing price)
So,
x-1100 = 1600-x
x+x = 1600+1100
2x = 2700
x = 1350
•So,the cost price of the watch is rupees 1350. (Answer)
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