A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.
Answers
Answered by
106
Answer:
C.P- ₹225
Overhead expenses-₹15
Total C.P-₹225+₹15=₹240
S.P-₹300
Profit=₹300-₹240
=₹60
Profit%=Profit/C.P×100
= 60/240×100
=25%
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Answered by
37
Answer:
His profit percent is 25 %
Step-by-step explanation:
Given:
The cost price of a radio = Rs 225
Overhead expenses = Rs 15
Total cost = cost price + overhead expenses
= 225 + 15 = Rs 240
Formula used for finding gain:
Gain = selling price – cost price
Solving:
= 300 – 240
= Rs 60
Formula used for finding gain percent:
Gain % = (gain/cost price) × 100
= 60/240 × 100
= 25 %
Therefore, his profit percent is 25 %.
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