By selling a watch at Rs1200 a person get Rs 200 as profit. Find the percentage of his profit
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Answer:
Given :
Selling Price = Rs 1200
Loss = 200 .
FINDING COST PRICE -
Cost Price = Selling Price + Loss
= 1200 + 200
= 1400
So, Cost Price = 1400 .
Gain = 10 % (given)
FINDING GAIN -
1400 x 10/100 = 140
Gain = 140
FINDING SELLING PRICE -
Selling Price = Cost Price + Gain
= 1400 + 140
= 1540
Selling Price = Rs 1540
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