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
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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