A shopkeeper by selling 17 Omega watches, earns a profit equal to the selling price of 7 Omega watches. What is his profit percentage?41.10%82.20%70%12.20%None

Question

A shopkeeper by selling 17 Omega watches, earns a profit equal to the selling price of 7 Omega watches. What is his profit percentage?41.10%82.20%70%12.20%None
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Solution 1

Let's denote:

  • C as the cost price of one Omega watch
  • S as the selling price of one Omega watch
  • P as the profit for one Omega watch

From the problem, we know that:

  1. The profit from selling 17 watches is equal to the selling price of 7 watches. So, 17P = 7S.
  2. The profit for one watch is e Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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