Profit and Loss Practice Test 6

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Question : 6 of 40

Marks: +1, -0

Sapna incurred a loss of

16 2/3%

on selling a watch for Rs 1,500. At what price should she sell the watch so as to gain 12.5%?

Rs 2,025
Rs 2,596
Rs 2,565
Rs 1,975
Rs 1,780

Solution:

SP of the watch = Rs 1,500
Loss incurred

=16 2/3%

CP=100/{100-16 2/3}   ×1500=1800

SP at 12.5% gain

={100+12.5}/100×1800

= Rs 2,025

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