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

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

Question 6

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

Looking to do well in your science exam ?  
Learn from an expert tutor. Book a free class!

We know the cost price of cooler = Rs 1200

Overhead expenses = Rs 40

Total cost = Rs 1200 + Rs 40 = Rs 1240

Selling price of cooler = Rs 1550

By using the formula,

Gain = selling price – cost price

= Rs 1550 - Rs1240

= Rs 310

By using the formula,

Gain % = (gain/cost price) × 100

= 310/1240 × 100

= 25%

Set your child up for success with Lido, book a class today!

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

subject-cta

Question 6

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

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

We know the cost price of cooler = Rs 1200

Overhead expenses = Rs 40

Total cost = Rs 1200 + Rs 40 = Rs 1240

Selling price of cooler = Rs 1550

By using the formula,

Gain = selling price – cost price

= Rs 1550 - Rs1240

= Rs 310

By using the formula,

Gain % = (gain/cost price) × 100

= 310/1240 × 100

= 25%

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

subject-cta
Connect with us on social media!
2021 © Quality Tutorials Pvt Ltd All rights reserved
`