The cost price of a watch is ₹2,800. A

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The cost price of a watch is ₹2,800. A shopkeeper sells it at a gain of 3.75%. What is the selling price of the watch?

Options:

₹2,885

₹2,905

₹2,925

₹2,875

Correct Answer:

₹2,905

Explanation:

Cost price of the article = 2800

Profit % = 3.75

Selling price of that article = 103.75% of CP

= 103.75 × $\frac{2800}{100}$ = ₹2,905