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A shopkeeper by selling 17 Omega watches, earns a profit equal to the selling price of 7 Omega watches. What is his profit percentage?
- A41.1 percent
- B82.2 percent
- C70 percent
- D12.2 percent
Answer not set
Discussion 1
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CCommunity
Let’s assume the selling price of one Omega watch is Rs. ‘x’
According to the given information,
Total sales = 17x
Profit = 7x
⇒ SP - CP = 7x
⇒ 17x - CP = 7x
⇒ CP = 10x
⇒ Profit % = ((SP/CP) - 1 ) × 100 = ((17x/10x) - 1) × 100 = 70%
∴ Profit % = 70%
According to the given information,
Total sales = 17x
Profit = 7x
⇒ SP - CP = 7x
⇒ 17x - CP = 7x
⇒ CP = 10x
⇒ Profit % = ((SP/CP) - 1 ) × 100 = ((17x/10x) - 1) × 100 = 70%
∴ Profit % = 70%