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A Retailer Buys a Radio for Rs 225. His Overhead Expenses Are Rs 15. If He Sells the Radio for Rs 300, Determine His Profit Percent. - Mathematics

Answer in Brief

A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.

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Solution

\[\text { Radio costs = Rs } . 225\]

\[\text { Overhead expenses = Rs } . 15\]

\[\text { C . P = Rs } . (225 + 15) = Rs . 240\]

\[\text { S . P = Rs } . 300\]

\[\text { Profit = SP - CP }\]

\[ = Rs . (300 - 240)\]

\[ = Rs . 60\]

\[\text { Profit % } = \frac{\text { Profit }}{C . P} \times 100\]

\[ = \frac{60}{240} \times 100\]

\[ = 25\]%

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APPEARS IN

RD Sharma Class 8 Maths
Chapter 13 Proft, Loss, Discount and Value Added Tax (VAT)
Exercise 13.1 | Q 5 | Page 11
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