Multiple Choice Questions on There are two watches of cost Rs 800 One is sold at a profit of 16 and the other at a loss of 8 If t........... for SSC CHSL Preparation

Mixture and Alligation

Quantitative Aptitude (CHSL)

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Indian Economy - Understanding the basics of Indian economic system

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    There are two watches of cost Rs. 800. One is sold at a profit of 16% and the other at a loss of 8%. If there is no loss  or no gain in the whole transaction, the cost price of the watch on which the shopkeeper gains is?

    Rs.400

    Correct Answer

    Rs.740

    Incorrect Answer

    Rs.504

    Incorrect Answer

    Rs.450

    Incorrect Answer
    Explanation:

    Solution:
     profit …………….loss
    +16 …………….. -8
    ———–0
    8……………16
    1 : 2
    Therefore ,
    price of watch sold at profit = (1/2) * 800 =  Rs. 400
    price of watch sold at loss = 2 * 800 = Rs. 1600


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