a reateiler buys a watch for 135 his overhead expenses are rs5 if he sell watch for rs154 determine his profit per cent
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a reateiler buys a watch for 135 his overhead expenses are rs5 if he sell watch for rs154 determine his profit per cent
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Answer:
10% profit
Step-by-step explanation:
Cost Price (CP) of watch = ₹135
Overhead expenses = ₹5
Total CP = ₹135 + ₹5 = ₹140
Selling Price (SP) = ₹154
Profit = ₹154 - ₹140 = ₹14
Profit percent = 14/140 × 100 = 10%
Cost price of radio= Bought price+overhead expanses
Hence, CP=Rs. (225+15)=Rs. 240
SP=Rs. 300.
Since, SP>CP, so retailer get profit.
Profit=SP−CP=300−240=Rs. 60
Profit(%)=
CP
profit
×100=
240
60
×100=25%
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