By selling a wrist watch at Rs. 405 the shopkeeper incurs a loss of 10%.
Posted on 26-03-2023
Ques - By selling a wrist watch at Rs. 405 the shopkeeper incurs a loss of 10%. What is the gain loss percentage if he sells the same watch at Rs. 465?
(a) Profit of 10%
(b) Loss of 6%
(c) Profit of 3.33%
(d) No profit no loss
Solution -
SP of a wrist watch = 405
By selling a wrist watch at Rs. 405 the shopkeeper incurs a loss of 10%.
CP = 405/0.9
CP = 450
Now,
New SP = 465
Profit % = [(SP - CP)/CP] × 100
= [(465 - 450) / 450] × 100
= (15/450) × 100
= 10/3
= 3.33%
Hence,
The correct answer is option (c) Profit of 3.33%.
Thank You