A shopkeeper buys a watch for ₹400 and sells it at a profit of 12.5%. What is the selling price?
Show answer & explanation
Correct answer: B
Explanation
Cost Price (CP) = ₹400
Profit = 12.5%
Selling Price (SP) = 400 × (100 + 12.5)/100
= 400 × 112.5/100= ₹450