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The marked price of brand A watches is 1...

The marked price of brand A watches is 15% higher than its original price.Due to increase in demand, the price is further increased by 10%. How much profit will be obtained in selling the watches?

A

`25%`

B

`35%`

C

`26.5%`

D

`27%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Define the Original Price Let the original price of the brand A watch be \( P = 100 \). ### Step 2: Calculate the Marked Price The marked price is 15% higher than the original price. To find the marked price, we can calculate: \[ \text{Marked Price} = P + (15\% \text{ of } P) = 100 + (0.15 \times 100) = 100 + 15 = 115 \] ### Step 3: Increase the Marked Price by 10% Now, we need to increase the marked price by 10%. So, we calculate: \[ \text{New Price} = \text{Marked Price} + (10\% \text{ of Marked Price}) = 115 + (0.10 \times 115) = 115 + 11.5 = 126.5 \] ### Step 4: Calculate the Profit To find the profit, we subtract the original price from the new price: \[ \text{Profit} = \text{New Price} - \text{Original Price} = 126.5 - 100 = 26.5 \] ### Step 5: Calculate the Profit Percentage To find the profit percentage, we use the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Original Price}} \right) \times 100 = \left( \frac{26.5}{100} \right) \times 100 = 26.5\% \] ### Final Answer The profit obtained in selling the watches is **26.5%**. ---
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