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...........

Quantitative Aptitude ( CCS) Profit and loss

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

Rs.740

Rs.504

Rs.450

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Explanation:

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

Hence, option 1 is the correct answer.