Saved Bookmarks
| 1. |
Mitesh sold a watch to Banta at 20% profit and Banta sold it to Ritesh at a gain of 10%. If Ritesh bought the watch for Rs. 3960, then at what price did Mitesh purchase the watch?1. Rs. 30002. Rs. 39003. Rs. 36004. Rs. 35005. Rs. 3400 |
|
Answer» Correct Answer - Option 1 : Rs. 3000 Given: Mitesh’s profit = 20% Ritesh’s profit = 10% Ritesh’s C.P = Rs. 3960 Calculations: Let Mitesh’s C.P be x. ∴ According to the question, ⇒ x × 120/100 × 110/100 = 3960 ⇒ x = (3960 × 10 × 10)/(12 × 11) ⇒ x = 3000 The Cost price of the watch at which Mitesh bought it is Rs. 3000. |
|