A retailer buys an electronic item for Rs. 175. His overhead expenses are Rs. 15. He sells the electronic item for Rs. 380 and makes x%' profit. The value of x is:

Correct option is B

Given:

Cost price (CP) of the electronic item = Rs. 175
Overhead expenses = Rs. 15
Selling price (SP) = Rs. 380

Formula Used:

Profit = SP - (CP + Overhead Expenses)
Profit Percentage = $$(\frac{Profit }{Total \ Cost \ Price}) × 100$$​​

Solution:

Total Cost Price = 175 + 15 = 190
Profit = 380 - 190 = 190
Now, calculate the profit percentage (x):
​$$x = (\frac{Profit }{ Total \ Cost \ Price}) × 100 \\\ \\x = (\frac{190 }{ 190}) × 100 = 100 \%$$​​
Thus, the value of x is 100%.