y. 4. Abdul watchchmaker, purchased an old watch for RS.400 and spent RS 80/ - to repair it.he sold the watch for a gain of RS.120 . find the selling price and the gain%
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Answer:
CP= ₹400
Overhead= ₹80
New CP=₹400+80
= ₹480
Profit=₹120
SP= CP+ Profit
= 480+120
=₹ 600
Profit%= Profit/CP×100
= 120/480×100
= 1200/48
= 25
Profit%= 25%
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