Question

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).

• A. Profit percentage is 4.48%
• B. Loss percentage is 4.48%
• C. Loss percentage is 5.48%
• D. Profit percentage is 5.48%

Answer 1

Answer:

D. Profit percentage is 5.48%

Profit percentage is 5.48%