A shopkeeper buys a watch for Rs. 1,250 and sells it for Rs. 1,500. His profit percentage is:

  1. 20%
  2. 16.67%
  3. 250%
  4. 25%
Answer

A) 20%

Profit = 1500 - 1250 = 250. Profit % = 2501250 100 = 20% (always on cost price). SLO M-09-A-09 · Application

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