Given:
Cost price (CP) of the electronic item = Rs. 175
Overhead expenses = Rs. 25
Selling price (SP) = Rs. 320
Formula Used:
Profit = SP - (CP + Overhead Expenses)
Profit Percentage =
Solution:
Total Cost Price = 175 + 25 = 200
Profit = 320 - 200 = 120
Now, calculate the profit percentage (x):
Thus, the value of x is 60%.
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