Question

Manu purchased a radio set for ₹850,then spent ₹250 on its repair and sold it for ₹1265. Find his profit percent.

Answer 1

Answer:

15% profit

Step-by-step explanation:

C.P (cost price) of the radio set = ₹850

Overhead expenses/Extra expenses(repair) =  ₹250

∴ Total C.P = Initial C.P + Extra expenses = ₹850 +  ₹250

=> ₹1,100

S.P (selling price) = ₹1,265

profit = S.P - C.P

=> ₹1,265 - ₹1,100 = ₹165

profit % = profit/C.P × 100

=> 165/1100 × 100

=> 165/11 = 15% Profit/Gain

Thanks.