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Question : Mayur sold a watch at a profit of 7%. If he had sold it for INR 1,329 more, he would have gained 57%. Find the cost price (in INR) of the watch.

Option 1: 2580

Option 2: 2658

Option 3: 2420

Option 4: 2856


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: 2658


Solution : Let the cost price be 100 units.
Profit in the first case = 7% of 100 = 7 units
Profit in the second case = 57% of 100 = 57 units
Difference in profit = INR 1329
(57 – 7) units = 1329
50 units = 1329
Cost price = 100 units = 1329 × 2 = INR 2658
Hence, the correct answer is 2658.

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