Multiple choice

Manu sold a dozen watches at Rs. 1454.64 per watch and made a profit of 16%. Find the cost price (in Rs.) of the watches.

  1. 1254.00

  2. 1362.36

  3. 15,048.00

  4. 16,348.32

  5. NA

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Selling price of 12 watches = 12 * 1454.64 = 17455.68. Profit is 16%, so SP = 1.16 * CP. CP = 17455.68 / 1.16 = 15048.

AI explanation

Using the cost price formula, total cost price equals total selling price multiplied by 100 divided by (100 plus profit percentage). The total selling price for twelve watches is 1454.64 multiplied by 12, which is 17455.68. Therefore, the total cost price is 17455.68 multiplied by 100 divided by 116, which equals 15048. The cost price of the watches is Rs. 15,048.00.