Total cost price of two watches is ₹ 4800 and selling price of each is equal. 1st is sold at 15% loss and 2nd is sold at 19% profit. Find the cost price of watch which is sold at 15% loss.
Answer & explanation
Correct answer: option 3
C.P. : S.P.
1st : 20 : 17 ........(i)
2nd: 100 : 119
ATQ, (S.P. is same), therefore multiple (i) by 7
C.P. : S.P.
1st : 140 : 119
2nd: 100 : 119
240 (total C.P.)
⇒ 240R = 4800 (given)
⇒ 1R = 20
Hence,
C.P. of 1st article = 140R = 140 × 20 = Rs.2800/-