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    Question

    John bought a watch for Rs. 3,400 and sold it at a

    profit percentage equal to the profit percentage earned on selling 10 bicycles for the cost price of 15 bicycles. Find the selling price of the watch.
    A Rs.5,100 Correct Answer Incorrect Answer
    B Rs.2,000 Correct Answer Incorrect Answer
    C Rs.2,200 Correct Answer Incorrect Answer
    D Rs.6,000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of 1 bicycle = Rs. 100. Therefore, the cost price of 10 bicycles = Rs. 1,000. The selling price of 10 bicycles (which is the cost price of 15 bicycles) = Rs. 1,500. Profit on bicycles = Rs. 1,500 - Rs. 1,000 = Rs. 500. Profit % = 500/1000 Ă— 100 = 50% Therefore, the selling price of the watch = 1.50 Ă— 3400 = Rs.5,100

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