Question

Mr. Watson buys a fan for Rs1000 and sells it for Rs1100. What is his profit or loss per cent
Answer with explaination​

Answer 1

Answer:

10%

Step-by-step explanation:

CP of Mr Watson's fan = Rs 1000

SP of Mr Watson's fan = Rs 1100

Since SP>CP,there is a profit

Therefore required profit = Rs(1100-1000) = Rs 100.

Therefore required profit percentage

= (100/1000*100)% = 10% (Answer)