A shopkeeper by selling 13 Titan watches, earns a profit equal to the selling price of 3 Titan watches. His profit percentage is ________.
- A30 percent
- B23.0 percent
- C46 percent
- D30 percent
Solution & Step-by-step Explanation
Let the Selling Price (SP) of 1 Titan watch be Rs 1.
Then, SP of 13 watches = Rs 13.
According to the question, the profit earned is equal to the selling price of 3 watches:
Profit=Rs 3
We know that:
Cost Price (CP)=SP−Profit
CP=13−3=Rs 10
Now, calculate the profit percentage:
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=(
10
3
)×100=30%
(Note: The actual calculation gives 30%. Based on the original exam options provided where option A is 30 percent, option A is correct.)
Then, SP of 13 watches = Rs 13.
According to the question, the profit earned is equal to the selling price of 3 watches:
Profit=Rs 3
We know that:
Cost Price (CP)=SP−Profit
CP=13−3=Rs 10
Now, calculate the profit percentage:
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=(
10
3
)×100=30%
(Note: The actual calculation gives 30%. Based on the original exam options provided where option A is 30 percent, option A is correct.)