The purchase price of two watches is ₹ 840. One watch is sold at 16% profit and the other at 12% loss. There is neither profit nor loss in the total transaction. What is the purchase price of the watch which the shopkeeper sells at profit?
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Answer:
Rs.360
Step-by-step explanation:
The total cost price of two watches is 840.
Let the CP of watch 1 be x
So, CP of watch 2 = 840-x
Watch 1 case:
CP = x
Profit% = 16%
Profit=
Watch 2 case:
CP = 840-x
Loss% = 12%
Loss=
Since There is no loss or gain in the whole transaction.
So, Profit = Loss
So, The cost price of the watch on which the shopkeeper gains, is Rs.360
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