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Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. Find the cost price of one dozen watches?
  • a)
    1254.00
  • b)
    1362.36
  • c)
    15048.00
  • d)
    16348.32
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. ...
Given profit % = 16
Selling price of each watch = Rs. 1454.64
Cost price of the watch × 1.16 = 1454.64
∴ Cost price of each watch = Rs. 1254
 Cost price of dozen watches = 1254 × 12 = Rs. 15048.00
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Most Upvoted Answer
Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. ...
Understanding the Problem
Manu sold a watch for Rs. 1454.64 and made a profit of 16%. We need to find the cost price (CP) of one dozen watches (12 watches).
Calculate the Cost Price of One Watch
To find the cost price, we can use the formula for selling price (SP) related to cost price and profit percentage:
- SP = CP + Profit
- Profit = (Profit Percentage / 100) * CP
Given:
- SP = Rs. 1454.64
- Profit Percentage = 16%
Using these values, we can express SP as:
- SP = CP + (16/100) * CP
- SP = CP * (1 + 0.16)
- SP = CP * 1.16
Now, rearranging to find CP:
- CP = SP / 1.16
- CP = 1454.64 / 1.16
Calculating CP:
- CP = 1254.00
Finding the Cost Price of One Dozen Watches
Now that we have the cost price of one watch, we can find the cost price of one dozen (12 watches):
- Cost Price of One Dozen Watches = CP of One Watch * 12
- Cost Price of One Dozen Watches = 1254.00 * 12
Calculating:
- Cost Price of One Dozen Watches = 15048.00
Conclusion
Therefore, the cost price of one dozen watches is Rs. 15048.00, which corresponds to option 'C'.
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Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. Find the cost price of one dozen watches?a)1254.00b)1362.36c)15048.00d)16348.32Correct answer is option 'C'. Can you explain this answer?
Question Description
Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. Find the cost price of one dozen watches?a)1254.00b)1362.36c)15048.00d)16348.32Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. Find the cost price of one dozen watches?a)1254.00b)1362.36c)15048.00d)16348.32Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Manu sold a watch for Rs. 1454.64 per watch and made a profit of 16%. Find the cost price of one dozen watches?a)1254.00b)1362.36c)15048.00d)16348.32Correct answer is option 'C'. Can you explain this answer?.
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