Question

A retailer buys a refrigerator for rs 7700 and pays rs 300 as transportation charges.If he sells the refrigerator for rs 10860,find his profit percent

Answer 1

CP = 7700 + 300 = 8000
SP = 10860
Profit = SP - CP
= 10860 - 8000
= 2860
Profit % = Profit / CP × 100
= 2860 / 8000 × 100
= 2860 / 80
= 35.75 %