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A shopkeeper by selling 11 Tag Heuer watches, earns a profit equal to the selling price of 3 Tag Heuer watches. His profit percentage is:

  1. A
    27.2 percent
  2. B
    54.4 percent
  3. C
    37.5 percent
  4. D
    16.9 percent

Solution & Step-by-step Explanation

Let the Selling Price (SP) of 1 watch be Rs 1.
Then, the Selling Price of 11 watches is:

SP
11
​
=Rs 11
The profit earned is equal to the selling price of 3 watches:

Profit=Rs 3
We know that:

Cost Price (CP)=Selling Price (SP)−Profit
CP
11
​
=11−3=Rs 8
Now, calculate the profit percentage:

Profit Percentage=(
CP
Profit
​
)×100
Profit Percentage=(
8
3
​
)×100
Profit Percentage=37.5%

Practice this question

Try it yourself before checking the explanation above.

A shopkeeper by selling 11 Tag Heuer watches, earns a profit equal to the selling price of 3 Tag Heuer watches. His profit percentage is:
A
27.2 percent
B
54.4 percent
C
37.5 percent
D
16.9 percent

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