Multiple choice

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.

  1. $85\%$
  2. $25\%$
  3. $65\%$

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost price = 225 + 15 = 240. Selling price = 300. Profit = 300 - 240 = 60. Profit percent = (60 / 240) * 100 = 25%.

AI explanation

The total cost price is the purchase price plus overhead expenses, giving 225 + 15 = 240. The profit amount is the selling price minus the total cost, which is 300 - 240 = 60. Using the profit percentage formula, (60 divided by 240) times 100 yields 25 percent.

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