Question

20 wrist watches were sold for rupees 56,250.Total profit was rupees 6250.What was profit percent

Answer 1

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Answer 2

The profit percentage was 12.5%.

Step-by-step explanation:

Given : 20 wrist watches were sold for rupees 56,250. Total profit was rupees 6250.

To find : What was profit percent ?

Solution :

Selling price of 20 watches is SP=Rs.56250

Profit is P=Rs.6250

The cost price is given by,

$CP=SP-P$

$CP=56250-6250$

$CP=Rs.50000$

The profit% is given by,

$P\%=\frac{P}{CP}\times 100$

$P\%=\frac{6250}{50000}\times 100$

$P\%=12.5\%$

Therefore, the profit percentage was 12.5%.

#Learn more

A shopkeeper sold a wrist watch for rupees 990 gaining 1/8 of its cost price. find the cost price of wrist watch and its profit percent

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