Question

A retailer buys a cooler for Rs. 1200 and overhead expenses on it are Rs. 40. If he sells the cooler for Rs. 1550, determine his profit percent.

Solution

Cost of cooler = Rs. 1200 Overhead expenses = Rs. 40 ∴ Total cost price of cooler = Rs. 1200 + Rs. 40 = Rs. 1240 Selling price = Rs. 1550 ∴ Gain = S.P - C.P = Rs. 1550 - Rs. 1240 = Rs. 310 Gain%=Gain×100C.P=310×1001240=25%MathematicsRD SharmaStandard VIII

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