Multiple choice

Mrs. Jain sells her watch at a loss of 11%. If she had sold it for Rs. 434 more, she would have gained 17%. What will be her gain/loss percentage if she sells her watch for Rs. 2000?

  1. 37.56%

  2. 16.53%

  3. 25.04%

  4. 29.03%

  5. 32.04%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP be x. 0.89x + 434 = 1.17x. 0.28x = 434, so x = 1550. Selling for 2000 gives a gain of 2000 - 1550 = 450. Gain % = (450/1550) * 100 = 29.03%.