Question
A shopkeeper bought a watch for Rs 1800 and spent Rs 200
on its repairs. He sold it for Rs 2500. What is his profit percentage?Solution
ATQ, Cost Price (CP) = 1800 + 200 = 2000 Selling Price (SP) = 2500 Profit = 2500 − 2000 = 500 Profit % = (Profit ÷ CP) × 100 = (500 ÷ 2000) × 100 = 25%
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