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A person sells his watch at a cost of Rs. 2250 and thus incurs a loss, now due to unavoidable circumstances he has to sell his watch at Rs. 2000 and now his loss % increases by 10%. Find the cost price of the watch?1. 30002. 35003. 25004. 2750 |
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Answer» Correct Answer - Option 3 : 2500 GIVEN: A person sells his watch at a cost of Rs. 2250 and thus incurs a loss. If he has to sell his watch at Rs. 2000 and his loss % increases by 10%. CONCEPT: FORMULA USED: SP = CP × [1 – Loss/100] CALCULATION: When selling the watch for Rs. 250 less he incurs an extra loss of 10% then we can say that 10% of CP = 250 ⇒ CP = Rs. 2500 |
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