A wrist watch of cost price Rs. 1250 was sold by Sharel for Rs. 1500. What was the profit percent ?

A. 21%

B. 24%

C. 25%

D. 20%

Answer: Option D

Solution(By Examveda Team)

Cost price of wrist watch = Rs. 1250
Sale price of wrist watch = Rs. 1500
Profit percent :
$$\eqalign{ & = \left( {\frac{{1500 - 1250}}{{1250}}} \right) \times 100 \cr & = \frac{{250}}{{1250}} \times 100 \cr & = \frac{{25000}}{{1250}} \cr & = 20\% \cr} $$