Question

On selling a watch for Rs. 11,400 a shopkeeper loses 5 % for how much did he purchase it ?

Answer 1

Given selling price of watch= Rs 11.400.

loses%=5%

new loss %=$\frac{cp-sp}{cp}\times 100$

$\frac{5}{100}=1=\frac{sp}{cp}$

$\frac{SP}{CP}=1÷0.05$

$CP=\frac{114000}{0.95}=Rs.12,000$

$\therefore$ cost price of watch is Rs 12,000.