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1. A man sold his watch at a loss of 5%. Had he sold it for Tk.56.25 more he would have gained of 10%. The cost price of the watch is--
- A. Tk.250
- B. Tk.250
- C. Tk.250
- D. Tk.250
Answer: Option B
Explanation:
He sold his watch at loss of 5%. If he sells his watch for Rs. 56.25 more, he would gain 10%. It means that15% = Tk. 56.25.
So,1% = 56.2515
100% = 56.25 × 10015
= Tk. 375
Therefore, the cost price of the watch is Tk. 375
So,1% = 56.2515
100% = 56.25 × 10015
= Tk. 375
Therefore, the cost price of the watch is Tk. 375
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