A precious stone was bought for Rs. 1600 at Jaipur. A sum of Rs. 2400 was spent on making a ring with the stone. It was advertised for sale at Bombay for Rs.7800. If a discount of 10% was given, then the % of profit made was Select one: a. 68.5% b. 55% c. 75.5% d. 80%
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Explanation:
CP =1600+2400
=4000
SP after giving discount = 7800×90/100
=7020
now,
profit percent = ((7020-4000)/4000)×100
=(3020/4000)×100
= 75.5%
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