Question

A dealer purchased 35 watches at the price of Rs.2000 each.He sold them at the profit of RS. 500 each.calculate his total profit and profit percent​

Answer 1

His total profit is Rs.17500

and profit % is 25%

Step-by-step explanation:

For 1 watch it costs Rs.2000

so for 35 watches it would cost Rs.70000.

If he sells each watch at Rs.2500

then he would sell 35 watches for Rs.87500

So he would earn profit of Rs.17500 (87500-70000)

So profit is of Rs.17500

and profit % is 25% (17500/70000)*100 so i.e.. 25%