Profit and loss

Quantitative Aptitude (CGL)

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Sonata sells a wrist watch to a wholeseller making a profit of 10%. The wholesaler sells it to the retailer making a profit of 10%. A customer purchases it by paying Rs.990. Thus the profit of retailer is 2(3/11)% what is the cost incurred by the Sonata to produce it?

Rs.755

Rs.950

Rs.850

Rs.800