Question

Ram buys a wrist watch for Rs. 250 and spend Rs. 50 on its repairs. If he sells same for Rs. 450, find his profit percent.

• A. 10%
• B. 20%
• C. 40%
• D. 50%

Answer 1

Answer: (D)

50%

Purchase price of wrist watch = Rs. 250
Amount spent on repairs = Rs. 50
Cost price of the watch = Purchase price + repair expenses= 250 + 50 = 300
Selling price = Rs. 450
Since SP > CP so profit = 450 - 300 = 150
Profit% = $\frac{Totalprofit}{CP}\times 100=\frac{150}{300}\times 100=50$%