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Aptitude · Q311

Profit And Loss

Competitive Exams · Aptitude · question 311

Q311

By selling 14 watches of equal cost price at the rate of Rs. 450 each, there is profit equal to the cost price of 4 watches. The cost price of the watch is = ?

A.
Rs. 350
Answer
B.
Rs. 360
C.
Rs. 375
D.
Rs. 400

Answer: Option A

Solution

Answer: Option A
Solution:
Let the cost price of the watch is = Rs. x
According to the question,
⇒ Profit = Selling price - Cost price
⇒ 4x = 14 × 450 - 14x
⇒ 18x = 14 × 450

Cost Price of a watch = Rs. 350