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RD Sharma Solutions Class 8 Mathematics Solutions for Profit Loss Discount and Value Added Tax Exercise 13.1 in Chapter 13 - Profit Loss Discount and Value Added Tax
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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.
Answer:
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 %
Video transcript
"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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