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Q.

A dealer buys a wristwatch for Rs. 225 and spends Rs 15 on its repair. If he sells the same for Rs. 300. Find his profit percent.

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a

 10%

b

20%

c

 25%

d

30% 

answer is C.

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Detailed Solution

Given,
Cost of wrist watch = Rs. 225
Money spend on repairing the watch = Rs 15
Total money spent on wrist watch = Rs. 225 + Rs. 15 = Rs. 240 Selling price of wristwatch = Rs. 300
Question ImageQuestion ImageQuestion ImageNow, Gain = Rs. 300 240 = Rs. 60
  25%
  
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