Question

A shopkeeper bought a radio from a wholesaler for Rs. 250.00. In addition, he paid a sales tax of 15% on the cost price. He then sold the radio for Rs. 315.00. Calculate the cash profit made by the shopkeeper. ​

Answer 1

Answer:

250×15/100= 37.5

so CP+ sales tax

250+37.5=287.5

but he sold it at ₹315

so profit is 315-287.5=27.5