Question

A retailer buys a radio for ₹ 225 this overhead expenses are ₹15. If he sells the radio for $300
determine his profit percent.
please answer this in note book please​

Answer 1

Cost price of radio= Bought price+overhead expanses

Hence, CP=Rs. (225+15)=Rs. 240

SP=Rs. 300.

Since, SP>CP, so retailer get profit.

Profit=SP−CP=300−240=Rs. 60

Profit(%)=

CP

profit

×100=

240

60

×100=25%