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?
Answer & explanation
Correct answer: option 2
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