Total cost price of two watches is Rs.8000 and selling price of each is equal. 1st is sold at 22% loss and 2nd is sold at 17% profit. Find the cost price of watch which is sold at 15% loss.
Answer & explanation
Correct answer: option 1
C.P. : S.P.
1st : 50 : 39 ........(i)
2nd: 100 : 117
ATQ, (S.P. is same), therefore multiple (i) by 3
C.P. : S.P.
1st : 150 : 117
2nd: 100 : 117
250 (total C.P.)
⇒ 250R = 8000 (given)
⇒ 1R = 32
Hence,
C.P. of 1st article = 150R = 150 × 32 = Rs.4800/-