Question 59

A man buys a watch for ₹250. and sells it for ₹300. Find his profit percentage.

Solution

A man buys a watch for ₹250. and sells it for ₹300.

profit percentage = $$\frac{\left(selling\ price - cost\ price\right)\times100}{cost\ price}$$

= $$\frac{\left(300-250\right)\times100}{250}$$

= $$\frac{50\times100}{250}$$

= 20%

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