Question

A retailer buys a radio for rs.225. His overhead expenses are rs.15. If he sells the radio for rs.300, find his profit percent

Answer 1

Answer:

c.p=225rs

overhead expenses-15rs

total c.p=225+15

=240

s.p.=300rs

profit=300-240=60rs

profit%=profit/c.p.*100

60/240*100

=25%

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Answer 2

Answer:

His Profit percent is 25 %

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

= 300 – 240

= Rs 60

Formula Used For Finding the total Gain :-

Gain % = (gain/cost price) × 100

= 60/240 × 100

= 25 %

Therefore, his profit percent is 25 %.