Q. 64.2( 15 Votes )

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.

Answer :

Cost price of cooler = Rs.1200


Overhead expenses = Rs. 40


Total cost = 1200+40 = Rs. 1240


Selling price of cooler = Rs.1550


Gain = 1550 - 1240 = Rs.310


=


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