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?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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