a dealer buy a wrist watch for rs225 and spend rs 15 for its repair.if he sell same watch rs 300,find his proft percentage
Answers
Step-by-step explanation:
The answer is 25%.
For further explanation see the attachment.
25 %
Given:
Cost Price of the Wrist Watch (C.P) = Rs. 225
Selling Price of the Watch (S.P) = Rs. 300
Money spend for repairing the watch = Rs. 15
Calculating the Total Cost:
= Cost Price + Money Spend on Repairing the watch
= 225 + 15
= Rs. 240
To Find:
Profit Percentage.
Calculating:
Formula that is used to find the gain:
Gain = Selling Price - Cost Price
Substituting the values known to us in this formula we get:
= 300 - 240
= Rs. 60
Therefore, the gain made by the dealer is Rupees 60.
The Formula that is used to find gain percentage:
Gain Percentage = Gain / Cost Price x 100
Substituting all the values into this formula we get:
= 60/240 x 100
= 6/24 x 100
= 1/4 x 100
= 25 %
Therefore, the profit percentage the dealer made is 25 %.