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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?
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- profit of 10%
- less of 6 %
- profit of 3.33 %
- 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
ABHISHEK OJHA
June 21, 201810 % 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