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Profit Loss Discount and Value Added Tax | Profit Loss Discount and Value Added Tax Exercise 13.1

Question 5

A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells theradio for Rs 300, determine his profit percent.

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  • Solution

  • Transcript

The cost price of a radio = Rs 225

Overhead expenses = Rs 15

Total cost = cost price + overhead expenses

= 225+15

= Rs 240

Selling price of radio = Rs.300

By using the formula,

Gain = selling price – cost price

= 300 – 240

= Rs 60

By using the formula,

Gain % = (gain/cost price) × 100

= 60/240 × 100

= 25 %

"hello students i am rita your maths leader tutor and the today's question is a retailer buys a radio for rupees 225 his overhead expenses are rupees 15. if he sells the radio for rupees 300 determine his profit percent in this question cp is given to us rupees 225 but his overhead expenses are rupees 15 so we add these 15 rupees to the cost price now we got the cost the new cost price is five plus five ten over plus one three plus one four so it becomes 240 rupees this is our cost price and selling price is given to us rupees 300. so obviously it is a case of gain because sp is greater than cp now the sp is gain is sp minus cp so sp is 300 and cp is 240 so we got 300 minus 240 60 now we have to find gain percent so formula of gain percent is equal to gain divided by cp into 100 now we put the value gain is 60 and cp is 240 into 100 now we solve this equation six ones are six and six fours are twenty four four ones are four four twos are eight 20 profiles are 20. so the answer is 25 percent so this is our answer i hope you like this video so please subscribe leto for more updates and do comment your questions thank you"

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Question 5

A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells theradio for Rs 300, determine his profit percent.

  • Solution

  • Transcript

The cost price of a radio = Rs 225

Overhead expenses = Rs 15

Total cost = cost price + overhead expenses

= 225+15

= Rs 240

Selling price of radio = Rs.300

By using the formula,

Gain = selling price – cost price

= 300 – 240

= Rs 60

By using the formula,

Gain % = (gain/cost price) × 100

= 60/240 × 100

= 25 %

"hello students i am rita your maths leader tutor and the today's question is a retailer buys a radio for rupees 225 his overhead expenses are rupees 15. if he sells the radio for rupees 300 determine his profit percent in this question cp is given to us rupees 225 but his overhead expenses are rupees 15 so we add these 15 rupees to the cost price now we got the cost the new cost price is five plus five ten over plus one three plus one four so it becomes 240 rupees this is our cost price and selling price is given to us rupees 300. so obviously it is a case of gain because sp is greater than cp now the sp is gain is sp minus cp so sp is 300 and cp is 240 so we got 300 minus 240 60 now we have to find gain percent so formula of gain percent is equal to gain divided by cp into 100 now we put the value gain is 60 and cp is 240 into 100 now we solve this equation six ones are six and six fours are twenty four four ones are four four twos are eight 20 profiles are 20. so the answer is 25 percent so this is our answer i hope you like this video so please subscribe leto for more updates and do comment your questions thank you"

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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