Question

A retailer buys a watch for ₹135. His overhead expenses are ₹5 . If he sells watch for ₹154, determine his profit percent

Answer 1

Total amount of watch
including expenses = 135 + 5 = Rs 140

Profit = 154 - 140
= Rs . 14

Profit % = profit
--------------- * 100
Cost price
= (14/135 )*100

= 10.37 % (or). 10.4%

Answer 2

✬ Profit % = 10 % ✬

Step-by-step explanation:

Given:

• Cost price of watch is Rs 135.
• Overhead expenses on watch is Rs 5.
• Selling Price of watch is Rs 154.

To Find:

• What is the profit percent made by retailer?

Solution: Total cost price of watch = (Original price + Overhead expense )

➟ Total C.P of watch = Rs (135 + 5) = Rs 140

And, The S.P of watch is Rs 154.

On Comparing both S.P and C.P we get

➢ S.P > C.P { Hence, There is Profit }

★ Profit = Selling Price – Cost Price ★

$\implies{\rm }$ Profit = Rs (154 – 140)

$\implies{\rm }$ Profit = Rs 14

Now, we have to find the profit percent ➨

★ Profit % = (Profit/C.P x 100) % ★

$\implies{\rm }$ Profit % = ( 14/140 x 100)%

$\implies{\rm }$ Profit % = ( 1400/140 ) %

$\implies{\rm }$ Profit % = 10 %

Hence, The the profit percent made by retailer is 10%.