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Mohan sold his watch at 10% loss. If he ...

Mohan sold his watch at 10% loss. If he had sold it for 45 more, he would have made 5% profit. The selling price (in Rs) of the watch was

A

300

B

900

C

110

D

270

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Understand the Problem Mohan sold his watch at a 10% loss. If he had sold it for Rs. 45 more, he would have made a 5% profit. We need to find the selling price of the watch. ### Step 2: Let the Cost Price (CP) be 100 For simplicity, let's assume the cost price (CP) of the watch is Rs. 100. ### Step 3: Calculate the Selling Price at 10% Loss If Mohan sold the watch at a 10% loss, the selling price (SP1) can be calculated as: \[ SP1 = CP - (10\% \text{ of } CP) \] \[ SP1 = 100 - (10\% \text{ of } 100) \] \[ SP1 = 100 - 10 = 90 \] So, the selling price at a 10% loss is Rs. 90. ### Step 4: Calculate the Selling Price at 5% Profit If Mohan had sold the watch for Rs. 45 more, he would have made a 5% profit. The selling price (SP2) at 5% profit can be calculated as: \[ SP2 = CP + (5\% \text{ of } CP) \] \[ SP2 = 100 + (5\% \text{ of } 100) \] \[ SP2 = 100 + 5 = 105 \] So, the selling price at a 5% profit is Rs. 105. ### Step 5: Set Up the Equation According to the problem, if he sold it for Rs. 45 more than the selling price at a 10% loss, it would equal the selling price at a 5% profit: \[ SP1 + 45 = SP2 \] Substituting the values we found: \[ 90 + 45 = 105 \] This confirms that our calculations are correct. ### Step 6: Find the Selling Price From our calculations, we found that the selling price at a 10% loss is Rs. 90. Therefore, the selling price of the watch was: \[ \text{Selling Price} = SP1 = 90 \text{ Rs.} \] ### Final Answer The selling price of the watch was Rs. 90. ---
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KIRAN PUBLICATION-PROFIT AND LOSS -TYPE-VII
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