A watch sold for rs 448 gives a profit of only 12%.Find the profit % if the selling price had been rs 512
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Answer:
28%
Step-by-step explanation:
Let the cost price be Rs. x
Profit = 12% of C. P.
=> 12/100 × x
=> Rs. 12x/100
Selling Price = Profit + Cost price
=> 448 = 12x/100 + x
=> 448 = 112x/100
=> 448 × 100/112 = x
=> x = Rs. 400
Profit = S. P. - C. P
= 512 - 400
= Rs. 112
Profit % = Profit/CP × 100
=> 112/400 × 100
=> 28%
Hope this helps!
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