3 years ago in Profit & Loss

A man sold his watch at a loss of 5%. Had he sold it for Rs. 56.25 more, he would have gained 10%. What is the cost price of the watch (in Rs.)?

[A] 365
[B] 370
[C] 375
[D] 390
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BHAGYASHREE KUMARI
BHAGYASHREE KUMARI - 1 year ago

BHAGYASHREE KUMARI from Bhubaneswar, India is saying 390 is correct answer

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A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

  • [A] A neither losses nor gains
  • [B] A makes a profit of 11%
  • [C] A makes a profit of 20%
  • [D] B loses 20%