A merchant buys a watch for ₹1,500 and sells it at a 10% loss. He then buys the same model for ₹1,600 and sells it at a 20% profit. Find the overall profit or loss percentage (rounded off to 2 decimal places).

Challenger App

Home/

Questions/

Maths/

Profit & Loss

No.1 PSC Learning App

★

1M+ Downloads

Get App

A merchant buys a watch for ₹1,500 and sells it at a 10% loss. He then buys the same model for ₹1,600 and sells it at a 20% profit. Find the overall profit or loss percentage (rounded off to 2 decimal places).

AProfit percentage is 4.48%

BLoss percentage is 4.48%

CLoss percentage is 5.48%

DProfit percentage is 5.48%

Answer:

D. Profit percentage is 5.48%

Read Explanation:

Profit percentage is 5.48%

Read more in App

Related Questions:

In a team of 75 employees, the average monthly sales per employee is ₹1.8 lakh. If 30 junior employees average ₹1.2 lakh each, what is the average monthly sales figure (in ₹ lakh) for the senior employees?

രാജൻ 75 രൂപക്ക് ഒരു പുസ്തകം വാങ്ങി, 100 രൂപയ്ക്ക് വിറ്റു. ലാഭ ശതമാനം എത്ര?

An item with cost price of ₹120 is sold by P to R at a 12% profit. R earns a profit of ₹45.6 on the item and sells it to Q. The profit of P would have been ____% if the item is sold by P to Q directly at the same selling price.

Two types of sugar, one costing ₹45/kg and another costing ₹60/kg, are mixed with a third variety in the ratio 1:2:3. If the mixture is worth ₹55/kg, what is the price of the third variety of sugar per kg?

A batsman's average score for a certain number of innings is 44. If he scores 132 runs in the next innings, his average becomes 48. How many innings did he play earlier?