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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
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- Rs. 110
- Rs. 140
- Rs. 200
- Rs. 250
Correct Option: C
Let C.P. of watch = Rs. y
Difference between selling prices = Rs. (350 – 340) = Rs. 10
According to the question,
5% of y = 10
⇒ | = 10 | 100 |
⇒ 5y = 1000
⇒ y = | = Rs. 200 | 5 |
Hence , C.P. of watch is Rs. 200 .