Question

A house was sold for Rs.$12,600$ at a profit of $5\%$ on the cost price. What percent would have been gained if it had been sold for Rs$13,000$?

• A. $20\%$
• B. $9\%$
• C. $10\%$
• D. $8\frac{1}{3}\%$

Answer 1

Answer: (D)

$8\frac{1}{3}\%$

SP of the house = Rs$12,600$

$\therefore Profit=5\%$

$\therefore$CP of the house =$\frac{12600}{1.05}=12000$

$\therefore$ Required % gain =$\frac{13000-12000}{12000}\times 100\%$

= $\frac{100}{12}\%=8\frac{1}{3}\%$