A retailer buys a radio for 225 Rs. His overhead expenses are 15 Rs. He sells the radio for 300 Rs. The profit per cent of the retailer is :
A retailer buys a radio for 225 Rs. His overhead expenses are 15 Rs. He sells the radio for 300 Rs. The profit per cent of the retailer is :
[A]$latex 20\%$
[B]$latex 33\frac{1}{3}\%&s=1$
[C]$latex 25\%$
[D]$latex 26\frac{2}{3}\%&s=1$
$latex \mathbf{25\%}$
Actual C.P. = 225 + 15 = 240 Rs.
Gain = 300 – 240 = 60 Rs.
∴ Gain per cent =
$latex = \frac{60}{240}\times 100 = 25\%&s=1$
Hence option [C] is the right answer.