Question

A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If he sells the cooler for Rs 1550, determine his profit percent.

Answer 1

Answer:

$25\%$

Step-by-step explanation:

Solution:

✔️We know the cost price of cooler = Rs 1200

✔️Overhead expenses = Rs 40

✔️Total cost = Rs 1200 + Rs 40 = Rs 1240

✔️Selling price of cooler = Rs 1550

By using the formula,

Gain = selling price – cost price

= Rs 1550 – Rs1240

= Rs 310

By using the formula,

Gain % = (gain/cost price) × 100

= 310/1240 × 100

= 25%

Answer 2

??¿??????¿??????‽???????????????????