Question

A RETAILER BUYS AN ARTICLE FOR RS 225.HIS OVERHEAD EXPENSES ARE RS 15.HE SELLS THE ARTICLE FOR RS 300.THE PROFIT PERCENT OF THE RETAILER IS WHAT?

Answer 1

Cost price of an article = Rs. 215
overhead expenses = Rs. 15
Total CP = 215 + 15 = Rs. 240
SP = Rs. 300
Profit = SP - CP = 300 - 240 = Rs. 60

$profit\%=\left[\frac{profit}{CP}\times 100\right]\%=\left[\frac{60}{240}\times 100\right]\%=25\%$