Question
Download Solution PDFBy selling a watch for Rs.16669 a man loses 21%. Find the cost price of the watch. (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling Price (SP) = ₹16669
Loss Percentage = 21%
Formula used:
Cost Price (CP) = \(\dfrac{SP \times 100}{100 - \text{Loss%}}\)
Calculation:
CP = \(\dfrac{16669 \times 100}{100 - 21}\)
⇒ CP = \(\dfrac{16669 \times 100}{79}\)
⇒ CP = \(\dfrac{1666900}{79}\)
⇒ CP = ₹21100
∴ The correct answer is option (1).
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