9. Raju sells a watch at 5% profit. Had he sold it for 24 more he would have gained 11%. Find the cost price of the watch.
1 answer:
Answer:
400$
Step-by-step explanation:
Let C.P. of the watch = Rs. 100
When profit =5%; S.P. = Rs. (100+5)
= Rs. 105
and when profit = 11%;
S.P. = Rs. (100+11)
=Rs.111
Difference of two selling prices
= Rs. 111-Rs.105 = Rs.6
When watch sold for Rs. 6 more; then C.P. of the watch = Rs.
100
6
When watch sold for Rs. 24 more; then C.P. of the watch = Rs.
100
6
×
24
= Rs.
100
×
24
6
=400
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