Question

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.

• A. $85\%$
• B. $25\%$
• C. $65\%$
• D. None of these

Answer 1

Answer: (B)

$25\%$

cost price for radio=$225+15=240rs.$

$profit=x$%

$240$+$\frac{x}{100}\left(240\right)$=$300$

$240$$\left(\frac{x+100}{100}\right)$=$300$

($x+100$)=$\frac{1000}{8}$

$x$=$25$