Question
Download Solution PDFBy selling a watch for Rs.17496 a man loses 19%. Find the cost price of the watch. (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling Price (SP) = ₹17496
Loss Percentage = 19%
Formula used:
Cost Price (CP) = \(\frac{SP}{(1 - \frac{\text{Loss %}}{100})}\)
Calculation:
CP = \(\frac{17496}{(1 - \frac{19}{100})}\)
⇒ CP = \(\frac{17496}{(1 - 0.19)}\)
⇒ CP = \(\frac{17496}{0.81}\)
⇒ CP = ₹21600
∴ The correct answer is option (3).
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