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    Question

    A trader bought a wristwatch for Rs. 8,250 and sold it

    for Rs. 9,487.50. Determine the percentage profit made on the sale.
    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 24% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Percentage of profit earned

    = [(9,487.50 - 8,250) ÷ 8,250] × 100

    = 15%

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