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Explanation:

Total expense incurred in making 1,500 watches = (1500 x 150) + 30000 = Rs. 2,55,000.

Total revenue obtained by selling 1,200 of them during the season = (1200 × 250) = Rs. 3,00,000. 

The remaining 300 of them has to be sold by him during off season.
The total revenue obtained by doing that = (300 × 100) = Rs. 30,000. 

Hence, total revenue obtained = (300000 + 30000) = Rs. 3,30,000. 

Hence, total profit = (330000 – 255000) = Rs. 75,000.

Hence, option (b).

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