retalior buys a cooler for rs.1200 overhead expenedd on it are rs.40 .if he sales the cooler for rs.1550.find profit percetage
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Answer:
The Profit Percentage is 25 %.
Step-by-step explanation:
Given:
The cost price of cooler = Rs 1200
Overhead expenses = Rs 40
Total Cost:
= Rs 1200 + Rs 40
= Rs 1240
Selling price of cooler = Rs 1550
Formula Used For Finding Gain:
Gain = Selling Price – Cost Price
= Rs 1550 – Rs1240
= Rs 310
Formula Used For Finding Gain Percentage:
Gain % = (gain/cost price) × 100
= 310/1240 × 100
= 25%
Therefore, the Profit Percentage is 25 %.
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