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  1. By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?
    1. profit of 10%
    2. less of 6 %
    3. profit of 3.33 %
    4. no profit no loss
Correct Option: C

CP = 405 / 0.9 = 450
New SP = Rs. 465
Profit (%) = [465-450 / 450] X 100 = 3.33%


Comments


  1. ABHISHEK OJHA

    June 21, 2018 Reply

    10 % loss means selling price is 90% of the cost price
    SP = 405
    405 -> 90%
    465 -> ???
    So, (90×465) / 405 = 103.33
    It means we get 3.33% profit


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