Kathy buys a watch for Rs.500 and sells it to Jake for Rs.600. Find the profit…

2024

Kathy buys a watch for Rs.500 and sells it to Jake for Rs.600. Find the profit percent.

Answer: A. 20% — Solution: Compute the profit percent step by step. Cost Price (CP) = Rs. 500. Selling Price (SP) = Rs. 600. Profit = SP − CP = 600 − 500 = 100. Profit percent…

  1. A.

    20%

  2. B.

    25%

  3. C.

    30%

  4. D.

    35%

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Correct answer: A

Solution: Compute the profit percent step by step.

Cost Price (CP) = Rs. 500. Selling Price (SP) = Rs. 600.

  1. Profit = SP − CP = 600 − 500 = 100.

  2. Profit percent = (Profit / CP) × 100 = (100 / 500) × 100 = 20%.

Therefore, the profit percent is 20%.

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