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A retailer buys a radio for Rs.225. His overhead expenses are Rs.15. If he sells the radio for Rs.300, determine his profit percent.

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85 %

25 %

65 %

None of these

answer is B.

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Detailed Solution

Given,
Cost Price of radio

= R s . 225

Overhead expenses

= R s . 15

Total cost price for radio=

225 + 15

⇒ R s .240

Selling Price

= R s . 300

S.P

>

C.P
Profit

= y %

Profit = S.P - C. P
⇒300-140
⇒Rs. 60
Simplify,
Profit =

\frac{profit}{C . P} \times 100

⇒

\frac{60}{240} \times 100

⇒25%
Hence, the profit percentage of a retailer is 25%.
Hence, the correct option is 2.

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