Multiple choice

Bharat bought 5 watches for Rs. 1000 each and he spent Rs. 1000 on the repair of all the watches. Now, he sold three of them for Rs. 1100 each and the remaining for Rs. 850 each. Find his total gain or loss percent.

  1. Gain 8.3%

  2. Loss 8.3%

  3. Gain 16.6%

  4. Loss 16.6%

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total Cost = (5 * 1000) + 1000 = 6000. Total Revenue = (3 * 1100) + (2 * 850) = 3300 + 1700 = 5000. Loss = 6000 - 5000 = 1000. Loss % = (1000 / 6000) * 100 = 16.66%.

AI explanation

The total cost price is Rs. 5000 for the watches plus Rs. 1000 for repairs, totaling Rs. 6000. The total selling price is Rs. 3300 for the first three watches plus Rs. 1700 for the remaining two, totaling Rs. 5000. The loss is Rs. 1000, and calculating this against the cost price gives (1000 divided by 6000) multiplied by 100, resulting in a loss of 16.6%. The correct option is D.

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