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By selling 14 watches of equal cost price at the rate of $ 450 each, there is a profit equal to the cost price of 4 watches. The cost price of a watch is
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- $ 350
- $ 360
- $ 375
- $ 400
Correct Option: A
Let the CP of each watch be y.
∴ CP of 14 watches = 14y
and SP of 14 watches = $ 6300
According to the question,
6300 – 14y = 4y
⇒ 18y = 6300
| ⇒ y = | = $ 350 | 18 |
Hence , CP of each watch is $ 350 .
