Watch trader bought n watches which he intended to send as to earn 10% profit however 4 watches for damaged and hence could not be sold if the trader hikes the selling price of each watch by 25% he would still make 10% profit what is the value of n
Answers
Given : Watch trader bought n watches which he intended to send as to earn 10% profit however 4 watches for damaged and hence could not be sold if the trader hikes the selling price of each watch by 25% he would still make 10%
To Find : what is the value of n
Solution:
Let say cost price of Watch = C
Seller intended to Earn 10% Profit
Hence selling Price = C + (10/100)C = 1.1C
Cost Price of n watches = nC
Selling price of n watches = 1.1nC
trader hikes the selling price of each watch by 25%
=> SP = 1.1C + (25/100)1.1C = 1.1C * 1.25
Selling price of n - 4 watches = (n -4) ( 1.1C * 1.25 )
(n -4) ( 1.1C * 1.25 ) = 1.1nC
=> (n - 4)1.25 = n
=> 1.25n - 5 = n
=> 0.25n = 5
=> n = 5/0.25
=> n = 20
value of n = 20
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