Question

Mohan buys a watch for Rs 2350 and sells it for Rs 2392. Find out his percentage of profit.

• A. 9%
  
• B. 14%
  
• C. 12%
  
• D. 15%
• E. None of the above

Answer 1

The correct option is C

12%

Here, C.P. = Rs 350

S.P. = Rs 392
Profit = S.P.- C.P. = Rs 392 - Rs 350 = Rs 42.
$\therefore$ Profit % $=\frac{Profit\times 100}{C.P}=\frac{42\times 100}{350}=12\%$