Question 73

The cost price of a watch is ₹2,800. A shopkeeper sells it at a gain of 3.75%. What is the selling price of the watch?

Solution

The cost price of a watch is ₹2,800. A shopkeeper sells it at a gain of 3.75%.

Selling price of the watch = ₹2,800 of (100+3.75)%

= 2800 of 103.75%

= $$2800\times\frac{103.75}{100}$$

= $$28\times103.75$$

= ₹2,905

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