Question

5. A shopkeeper bought a watch for 7250 and sold it for 1515. What is his percentage of profit​

Answer 1

Answer:

Explanation:

Cost price of the cycle = Rs. 1200

Selling price of the cycles = Rs. 1500

SP > CP ⇒ there is a gain.

⇒ Gain = SP - CP = 1500 - 1200 = Rs. 300

∴ Gain Percentage =  

CP

Gain

​  

(100)%

=  

1200

300

​  

(100)%=25%

∴ The shopkeeper makes a profit of 25%