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    Question

    A wristwatch was sold for Rs. 720.80, making a gain of 20%.

    If the selling price had been Rs. 690 instead, what would have been the profit or loss percentage?
    A 14.86% profit Correct Answer Incorrect Answer
    B 18.34% loss Correct Answer Incorrect Answer
    C 11.34% loss Correct Answer Incorrect Answer
    D 15.5% profit Correct Answer Incorrect Answer

    Solution

    ATQ,
    SP = Rs. 720.80 and profit percentage = 20%

    So, CP = 100/120 × 720.80 = Rs. 600.67

    Now, new SP = Rs. 690
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