Question

A watch is sold for $930 at a gain of 55 percent. Find the profit

Answer 1

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To Find:

A watch is sold for $930 at a gain of 55 percent

Solution:

930/55×100

=$1,690

Answer 2

Answer:

The profit is $330.

Explanation:

First find the original amount of the watch.

Sold -> $930

Gain -> 55%

So, 155x/100 = 930

Solve for the x and you get -> $600

600 is only your original price of the watch. As you know the profit is 55% so, the original amount of the watch will be less than the selling price. [Cost price < Selling price is profit]

Now all u need to do is find 55% of the original.

55/100  x  600 = $330

CHECKING :

Profit : $330

Cost Price : $600

So, selling price is 600+330 = 930