Question

Arun buys a watch for Rs. $580$ and sells it for Rs. $667$. Find his profit or loss percent.

Answer 1

As selling price $>$ Cost price $\Rightarrow$ Profit

Profit $=$Rs. $667-580=$Rs. $87$

$\Rightarrow$ Profit $\%=\frac{87}{580}\times 100=15\%$.