Quantitative Aptitude • Percentage, Profit & LossEasy
A store owner buys a wristwatch for ₹800 and sells it at a profit of 30%. What is the selling price?
A. ₹830
B. ₹240
C. ₹560
D. ₹1,040✓ Correct Answer
💡 Solution & Explanation
Profit is calculated on the cost price. Profit = 30% of ₹800 = ₹240. Selling price = cost price + profit = ₹800 + ₹240 = ₹1,040. Shortcut: selling price = cost × (100 + profit%) ÷ 100 = ₹800 × 130 ÷ 100.
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