The selling price of watch = $102
Loss on the watch = $55
Since, the expression for the Lost, Cost Price and selling price is :
Cost Price -Selling Price = Loss
Here we have, Selling Price =102, Loss =55
Substitute the value and solve for Cost Price
Cost Price -Selling Price = Loss
Cost Price -102=55
Cost Price =102+55
Cost Price =157
So, the cost price of the watch is 157
But it in the given statement they show that the cost price is 132
so, the statement is False.
Answer :
False