The manufacturing cost of a watch is Rs.180 and the transportation lost is Rs.500 for 100 watches. What will be the selling price if it is sold at 20% gains
1) Rs.222
2) Rs.216
3) Rs.221
4) Rs.220
Answer: 1
EXP:
Total cost of a watch = 180 + (500/100) = 185.
Gain = 20% => SP = 1.2CP = 1.2 X 185 = 222