# A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If the coller for Rs 1550, determine his profit percent.

Cost price of cooler = Rs.1200

Total cost = 1200+40 = Rs. 1240

Selling price of cooler = Rs.1550

Gain = 1550 - 1240 = Rs.310

=

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