Multiple choice

Bob sold his watch for Rs. $ 190$, thus bearing a loss of $5\%$. The cost price of the watch is

  1. Rs. $ 237.50$
  2. Rs. $200$
  3. Rs. $140$
  4. Rs. $180$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SP = 190, Loss = 5%. CP * 0.95 = 190. CP = 190 / 0.95 = 200.

AI explanation

Using the formula for loss, Cost Price = Selling Price x (100 / (100 - Loss Percent)), we substitute the given values. Cost Price = 190 x (100 / (100 - 5)), which simplifies to 190 x (100 / 95). Multiplying these values gives 200, so the cost price of the watch is Rs. 200.

Keep practicing — related questions