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Question

Mohan buys a watch for Rs 2350 and sells it for Rs 2392. Find out his percentage of profit.
  1. 9%
     
  2. 14%
     
  3. 12%
     
  4. 15%
  5. None of the above


Solution

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.
Profit % =Profit×100C.P=42×100350=12%

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