model 7 sold at loss Practice Questions Answers Test with Solutions & More Shortcuts

Question : 36 [SSC CGL Tier-I 2016]

5% more is gained by selling a watch for Rs. 350 than by selling it for Rs.340. The cost price of the watch is

a) Rs.110

b) Rs.250

c) Rs.140

d) Rs.200

Answer: (d)

C.P. of watch = Rs.x (let)

Difference between selling prices

= Rs.(350 - 340) = Rs.10

According to the question,

5% of x = 10

${5x}/100$ = 10

5x = 1000 ⇒ x = $1000/5$ = Rs.200

IMPORTANT quantitative aptitude EXERCISES

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