Sourav buys a watch for Rs. 19000 and spends Rs. 1000 on its repa

Sourav buys a watch for Rs. 19000 and spends Rs. 1000 on its repa
| Sourav buys a watch for Rs. 19000 and spends Rs. 1000 on its repairs. If he sells the watch for Rs. 29000, his profit percent is

A. 45%

B. 20%

C. 48%

D. 30%

Please scroll down to see the correct answer and solution guide.

Right Answer is: A

SOLUTION

Total cost = 19000 + 1000 = 20000

Profit = SP-CP = 29000 – 20000 = 9000

Profit % = 9000/20000 * 100 = 45%

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