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Question : By selling a watch for INR 1,600, a person gets a profit that is equal to the loss of selling the same watch for INR 1,400. If the person wants to get a profit of 20%, at what price should he sell the watch?

Option 1: INR 1800

Option 2: INR 1700

Option 3: INR 1850

Option 4: INR 1750


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: INR 1800


Solution : Given: By selling a watch for INR 1,600, a person gets a profit equal to the loss of selling the same watch for INR 1,400.
Here the cost price is denoted by CP, the selling price is denoted by SP.
So, the CP = $\frac{1600+1400}{2}$ = INR 1500.
Now to get 20% profit,
The SP = $\frac{1500×120}{100}$ = INR 1800.
Hence, the correct answer is INR 1800.

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