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Question
A man sod his watch at a loss of 5% . Had he sold it for TK. 56.25 more he woud hae gained of 10% . The cost price of the watch is -
TK. 250
TK. 375
TK. 280
None of these
ANSWER : 2
Descrption
<p>Selling price at 5% loss = 100 - 5 = 95 TK.</p> <p>Selling price at 10% gain = 100 + 10 = 110 TK</p> <p>Difference in selling price = 110 - 95 = 15 TK.</p> <p>For the selling price being 15 TK more than initial, the actual cost price = 100 TK.</p> <p>For the selling price being 56.25 TK more than initial, the actual cost price = 100 x 56.25 / 15 = <strong>375 TK</strong></p>
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