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A sold a watch at a gain of 5% to B and B sold it to C at a gain of 4%. If C paid Rs. 91 for it, then the price paid by A is?

Rs. 82.81
Rs. 83
Rs. 83.33
None of these

Correct Answer: Rs. 83.33

Explanation:

Let A's C.P. = Rs. 100
B's C.P. = Rs. 105
C's C.P. = 104% of Rs. 105 = Rs. 109.20
∵ 109.20 : 91 = 100 : P
∴ P = (91 x 100) / (109.20) = Rs. 83.33

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