Question

Ratnesh sells his watch to Nayan and gains
15%. If Ratnesh sells it to Nayan for
575, find the cost price at which Ratnesh
buys the watch.​

Answer 1

Step-by-step explanation:

SP of a watch= 575

Profit given =15%

Formula for taking out the CP when SP and profit is given=( 100/100+profit% ) ×SP

100/115×575

= 500

Hence, CP is Rs 500