A Retailer Buys A Radio For Rs.225. His Overhead Expenses Are Rs.15 A

1.	A Retailer Buys A Radio For Rs.225. His Overhead Expenses Are Rs.15 And He Sells The Radio For Rs.300. What Is The Profit Percent Of The Retailer?
Answer» Selling price = COST price + profit Cost price = 225 + 15 = 240 i.e. 240 + X * 240 * 1/100 = 300 240 + 24X/ 10 = 300 (taking LCM) 2400 + 24X = 3000 24 X = 3000 - 2400 24X = 600 X = 600/ 24 X = 25. Selling price = cost price + profit Cost price = 225 + 15 = 240 i.e. 240 + X * 240 * 1/100 = 300 240 + 24X/ 10 = 300 (taking LCM) 2400 + 24X = 3000 24 X = 3000 - 2400 24X = 600 X = 600/ 24 X = 25.

A Retailer Buys A Radio For Rs.225. His Overhead Expenses Are Rs.15 And He Sells The Radio For Rs.300. What Is The Profit Percent Of The Retailer?

Answer»

Selling price = COST price + profit

Cost price = 225 + 15 = 240

i.e. 240 + X * 240 * 1/100 = 300

240 + 24X/ 10 = 300

(taking LCM) 2400 + 24X = 3000

24 X = 3000 - 2400

24X = 600

X = 600/ 24

X = 25.

Selling price = cost price + profit