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A wrist watch of cost price Rs. 1250 was sold by Sharel for Rs. 1500. What was the profit percent ?
Answer & Solution
Correct Answer:
Option
D
Cost price of wrist watch = Rs. 1250
Sale price of wrist watch = Rs. 1500
Profit percent :
$$\eqalign{ & = \left( {\frac{{1500 - 1250}}{{1250}}} \right) \times 100 \cr & = \frac{{250}}{{1250}} \times 100 \cr & = \frac{{25000}}{{1250}} \cr & = 20\% \cr} $$
Sale price of wrist watch = Rs. 1500
Profit percent :
$$\eqalign{ & = \left( {\frac{{1500 - 1250}}{{1250}}} \right) \times 100 \cr & = \frac{{250}}{{1250}} \times 100 \cr & = \frac{{25000}}{{1250}} \cr & = 20\% \cr} $$
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