17. By selling a wrist watch at Rs.400 the shopkeeper incurs a loss of 20%. What is the
profit or loss percentage if he sells the same watch at Rs.525?
(a) profit of 10% (b) loss of 6% (c) loss of 3.33% (d) profit of 5%
Answers
Answered by
1
Answer:
option D
Step-by-step explanation -:
We would need to find the Cost Price first, in order to compute the profit or loss percentages -:
C.P. = (100/100 - L%) * S.P.
= (100/100 - 20) * 400 Rs.
= (100/80) * 400 Rs.
= 500 Rs.
Now,
C.P. = 500 Rs
S.P. = 525 Rs
Profit (the S.P. is greater than the cost price) = 525 Rs - 500 Rs = 25 Rs
P% = 25/500 * 100% = 5%
Hence, option (d) 5% is his profit percentage.
Similar questions
History,
4 months ago
Computer Science,
4 months ago
Biology,
4 months ago
Math,
9 months ago
Science,
11 months ago
Social Sciences,
11 months ago