Mayur sold a watch at a profit of 7%. If he had sold it for ₹1,329 more, he would have gained 57%. Find the cost price (in ₹) of the watch.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2658.
Given that
Mayur sold a watch at a profit of 7%
If he sold it for ₹1,329 more, he gained 57%
Let the cost price of a watch be 100%
According to the question
57% - 7% = ₹1329
50% = ₹1329
100% = 1329 × 2 = ₹2658
Hence, the cost price of watch is ₹2658