Question

a dealer buy a wristwatch for 225 and spends 15 on its repair.if he sells it for 300 find the profit %

Answer 1

Hey

Here is your answer,

Cost price = 225 + 15 = 240

Selling price = 300

Profit = 300 - 240

= 60

Profit % = profit x 100/cost price

= 60 x 100/240

= 25

So, the profit is 25%.

Hope it helps you!

Answer 2

Cost price of wristwatch = 225

Cost of repairing the watch = 15

Original cost price = 225 + 15 = 240

Selling price of watch = 300

Profit = SP - CP = 300 - 240 = 60

Profit percent = 60 × 100 / 240 = 25 %.