A man buys a set of 3 identical watches at a total cost of Rs. 4,500. He sells them at Rs. 1,800, Rs. 1,700, and Rs. 1,600, respectively. What is the overall profit or loss?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 600 profit.
CP = 4500
Total SP = 1800 + 1700 + 1600 = 5100
Profit = 5100 – 4500 = 600