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5. A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells theradio for Rs 300, determine his profit percent. |
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Answer» so , profit = 300-250 = 50Now ,percentage profit = 50/250×100 = 20% cp of radia=225overhead expenses=15therefore Total CP=225+15=240SP of radio=300Profit=SP-Total CP=300-240=60ThereforeProfit%=(profit/total cp)x100 =(60/240)x100 =25% CP of radio=225overhead expenses=15Total CP=225+15=240SP of radio =300Profit=SP-Total CP=300-240=60Profit %=(profit/total CP)*100(60/240)*100=25% |
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