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A jeweller sold a necklace for Rs. 2.5 lakhs. The rates increased in a certain year and he sold another set of the same necklace which he bought at 2 lakhs at 4 lakhs. The cost price of both the necklaces were same for jeweller. Find his profit percentage. 

A jeweller sold a necklace for Rs. 2.5 lakhs. The rates increased in a certain year and he sold another set of the same necklace which he bought at 2 lakhs at 4 lakhs. The cost price of both the necklaces were same for jeweller. Find his profit percentage.  Correct Answer 62.5

Given:

A jeweller sold a necklace for Rs. 2.5 lakhs

The rates increased in a certain year and he sold another set of the same necklace which he bought at 2 lakhs at 4 lakhs

The cost price of both the necklaces were same for jeweller

Formula:

Profit/loss percentage = ((SP - CP)/CP) × 100%

Calculation:

Cost price of necklace is same so total cost price = 2 + 2 = 4 lacs

Total selling price = 2.5 + 4 = 6.5 lacs

Overall profit = 6.5 – 4 = 2.5 lacs

Profit % = (2.5/4) × 100 = 62.5%

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