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Q
A retailer buys a stereo for Rs.225. His overhead expenses are Rs.15. he sells the stereo for Rs.300. What percentage...
A retailer buys a stereo for Rs.225. His overhead expenses are Rs.15. he sells the stereo for Rs.300. What percentage return on this cost did he get on this transaction ?
A
30
B
10
C
50
D
33
E
25
A
30
B
10
C
50
D
33
E
25
Solution
Total expenditure = 225 + 15 = Rs.240Selling price = Rs.300Profit = 300 − 240 = Rs.60Profit percent = (60/240)...
Total expenditure = 225 + 15 = Rs.240
Selling price = Rs.300
Profit = 300 − 240 = Rs.60
Profit percent = (60/240) × 100 = 25%
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