Question

A watch bought for Rs 12000 is sold for Rs 30000. Calculate the profit or loss percentage.

Answer 1

CP of Watch is 12000 Rs

SP of watch is 30000 Rs

SP > CP

so,

Profit = SP - CP

30000 - 12000 = 18000 Rs

Profit% = ( Profit / CP ) × 100 %

( 18000 / 12000 ) × 100% = 150% Ans