A shopkeeper suffers a loss of Rs 190 when he sells 16 clocks for a total of Rs 1570. What was the cost price of each clock?

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Solution

Selling price of 16 clocks = Rs 1570
The shopkeeper suffered a loss on selling 16 clocks of Rs 190.

We know that
Loss = Cost price – Selling price
⇒ Cost price = Loss + Selling price
= Rs 190 + Rs 1570
= Rs 1760
So, cost price of 16 clocks = Rs 1760
Cost price of 1 clock $= \frac{1760}{16} = Rs 110$
Hence, cost price of each clock = Rs 110

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