Question

a wrist watch was sold by a wholesaler from Mumbai to a dealer in Indore for rupees 22000. The dealer in Indore sold it to an end user in Gwalior at a profit of rupees 5000.

Answer 1

a wrist watch was sold by a wholesaler from Mumbai to a dealer in Indore for rupees 22000. The dealer in Indore sold it to an end user in Gwalior at a profit of rupees 5000. Find the profit % gain by the dealer.

Given:

The cost price of the watch is ₹22000.

To find:

Profit % for the dealer

Solution:

As per the data given in the question that:

Profit is Rs. 5000

The cost price of the wrist watch is Rs 22000

Profit % is given by:

• $Profit~Percentage = \frac{Profit}{Cost ~price} 100$
• $Profit~Percentage = \frac{5000}{22000} 100$
• $Profit~Percentage = \frac{250}{11}$
• $Profit~Percentage = 22\frac{8}{11}$

The profit gain by the dealer is $22\frac{8}{11}$%.