1.

A retailer buys a product for Rs. 2225. His transport charges are Rs. 25. He sells the product for Rs. 3600. The profit percentage of the retailer is:1. 60%2. 50%3. 40%4. 70%

Answer» Correct Answer - Option 1 : 60%

Given:

A retailer buys a product for Rs. 2225. His transport charges are Rs. 25. He sells the product for Rs. 3600.

Formula used:

P% = (P/C.P) × 100

Where,

P% → Profit%

C.P → Cost price

Calculations:

Total cost price of product (C.P) = Purchase price + Transportation charges

⇒ 2225 + 25 = Rs. 2250

Selling price of product = Rs. 3600

Profit = Rs. 3600 – Rs. 2250 = 1350

Profit% = (1350/2250) × 100 = 60%

The profit percentage of the retailer is 60%


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