Question

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.

Answer 1

Answer:

$25\%$

Step-by-step explanation:

Solution:

The cost price of a radio = Rs 225

Overhead expenses = Rs 15

Total cost = cost price + overhead expenses = 225+15 = Rs 240

Selling price of radio = Rs.300

By using the formula,

Gain = selling price – cost price

= 300 – 240 = Rs 60

By using the formula,

Gain % = (gain/cost price) × 100

= 60/240 × 100

= 25 %

Answer 2

The cost price of a radio = Rs 225

Overhead expenses = Rs 15

Total cost = cost price + overhead expenses = 225+15 = Rs 240

Selling price of radio = Rs.300

By using the formula,

Gain = selling price – cost price

= 300 – 240 = Rs 60

By using the formula,

Gain % = (gain/cost price) × 1uoxtlxutkyregk,etk,,eket,key,k

= 25 hdhgssfkaaaffg