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Question

On selling a watch for $$Rs. 11400$$, a shopkeeper losses $$5\%$$. For how much did he purchase it?


Solution

From the question,
Shopkeeper selling a watch for $$=Rs. 11400=$$ Selling price
He loses on selling $$=5\%$$
Cost price of watch,
$$CP=Rs. \left\{(100/(100-loss\%))\times SP\right\}$$
$$=\left\{(100/(100-5))\times 11400\right\}$$
$$=\left\{(100/95)\times 11400 \right\}$$
$$=1140000/ 95$$
$$=Rs. 12000$$

Mathematics

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