Question

Naveen purchased a wrist watch for Rs 840 and sold it to his friend Rishi for Rs 910. Find his gain percent.

• A. 5%
• B. 5.3%
• C. 8%
• D. 8.3%

Answer 1

The correct option is D 8.3%

Given CP of the wristwatch that Naveen purchased, CP = Rs. 840

The price at which he sold it, SP = Rs. 910

Gain = SP – CP

= (910 – 840)

= Rs. 70

Now Gain % = (Gain/CP) x 100

= $\frac{70}{840}$ x 100

= $\frac{7000}{840}$

= $\frac{100}{12}$
Gain = 8.3%