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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% |
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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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