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Discussion

  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
  1. Correct Option: C

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


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