Question

Vineet sold a watch to Alex at a gain of 12% and Alex sold it to Priya at a loss of 5% if Priya paid rupees 1330 for it how much did vineet pay for the watch

Answer 1

s.p = 1330
loss= 5%
c.p = 100/95×1330
cp= 1400
sp= 1400
gain = 12%
cp= 100/112×1400
cp=1250
therefore, vineet pay₹1250