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.
- A.
20%
- B.
25%
- C.
30%
- 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.
Profit = SP − CP = 600 − 500 = 100.
Profit percent = (Profit / CP) × 100 = (100 / 500) × 100 = 20%.
Therefore, the profit percent is 20%.