-
A retailer buys a radio for $ 225. His overhead expenses are $ 15. He sells the radio for $ 300. The profit percent of the retailer is :
-
- 25%
-
26 2 % 3 - 20%
-
33 1 % 3
Correct Option: A
A retailer buys a radio for $ 225 and his overhead expenses are $ 15 .
Actual C.P. = 225 + 15 = $ 240
Selling price = $ 300
Gain = Selling price - Actual C.P. = 300 – 240 = $ 60
| ∴ Gain percent = | × 100 | Actual C.P. |
| ∴ Gain percent = | × 100 = 25% | 240 |
