A retailer buys an electronic item for ₹175. His overhead expenses are ₹5. He sells the electronic item for ₹360 and makes x%' profit. The value of x is:
Given:
Cost Price (C.P.) = ₹175
Overhead expenses = ₹5
Selling Price (S.P.) = ₹360
Formula Used:
Profit Percentage =
Solution:
Total Cost Price=C.P.+ Overhead expenses = 175 + 5 = 180
Profit = S.P.−Total Cost Price = 360 - 180 = 180
Profit Percentage =
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