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By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?

profit of 10%
less of 6 %
profit of 3.33 %
no profit no loss

Correct Answer: profit of 3.33 %

Explanation:

CP = 405 / 0.9 = 450
New SP = Rs. 465
Profit (%) = [465-450 / 450] X 100 = 3.33%

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