Question

A person sold a desk for rs. 400 and incurred a loss of 5%

approximately at what price would it be sold so as to earn
a profit of 6%?
a) 420
b)478
c)446
d)432

Answer 1

Answer: C

Explanation:

1% of Rs. 400 = 4

10% of Rs.400 = 40

5%= 20

400+20= Rs. 420 was the price the person may have bought it for

To get a 6% profit, we need to add 6% on top of the price the chair was bought for by the owner

so...

420+ 5% +1%

so..

420+20+4= 444

The answer has come to 444 whereas it is not an option as a possible answer and I am unable to see a miscalculation in my working so if anyone spots a mistake it would be much appreciated. I have gotten a value close to one of the possible answers therefore I think the answer most probably should be "C" according to my working, however it may be that the person typing in the question may have written the incorrect options. Either way I have come to a conclusion and if it happens to be a typing error my maths was correct, if no, someone please reach out to me and help me identify where I have gone wrong, Thank you.