A wrist watch was purchased for ₹3,000 and sold for ₹3,500. Find the profit percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 16.66%.
Profit percentage = [(3500 - 3000)/3000] × 100
⇒ 100 × 500/3000 = 16.66%