Vinnet sold a watch to alex at a gain of 12% and alex sold it to Priya at a loss of 5%.If priya paid ₹1331 for it ,how much did Vineet pay for the watch?
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so Alex sold to Priya at 1331
loss is 5% so on selling price his loss will be
1331×5÷95 = 70
so cost price for Alex = 1401
Vinet sold to Alex at 1401
gain is 12% so on selling price his gain will be
1401×12÷112 = 151
so vineet pays 1250 for the watch
loss is 5% so on selling price his loss will be
1331×5÷95 = 70
so cost price for Alex = 1401
Vinet sold to Alex at 1401
gain is 12% so on selling price his gain will be
1401×12÷112 = 151
so vineet pays 1250 for the watch
DJG:
how does 95 came
let's assume 100 as cost and 5 % loss will be 5 rs so the selling price will be 100 - 5 = 95
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