Question

A shopkeeper buys a ipod for rs.225. His overhead expenses are rs.15 he sells the ipod for rs.300. Then the profit percentage of the shopkeeper is?

Answer 1

✬ Profit % = 25 % ✬

Step-by-step explanation:

Given:

• Cost Price of iPod is Rs 225.
• Overhead expenses on iPod is Rs 15.
• Selling Price of iPod is Rs 300.

To Find:

• What is the profit percentage made by shopkeeper?

Solution: Total cost price of iPod = Rs ( Original price of iPod + Overhead expenses price )

➸ Total cost price of iPod = Rs ( 225 + 15 )

➸ Total cost price of iPod = Rs 240.

➟ Selling Price of iPod = Rs 300

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

• S.P > C.P

• 300 > 240 { There is a profit }

★ Profit = Selling Price – Cost Price ★

$\implies{\rm }$ Profit = Rs ( 300 – 240 )

$\implies{\rm }$ Profit = Rs 60

➪ Profit % = (Profit/Cost Price x 100)%

$\implies{\rm }$ Profit % = (60/240 x 100)%

$\implies{\rm }$ Profit % = (6000/240)%

$\implies{\rm }$ Profit % = 25 %

Hence, The profit % made by shopkeeper is 25%.