A retailer buys an electronic item for Rs. 175. His overhead expenses are Rs. 25. He sells the electronic item for Rs. 320 and makes x%' profit. The value of x is:

Correct option is D

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 = $$(\frac{Profit }{Total \ Cost \ Price}) × 100$$​​

Solution:

Total Cost Price = 175 + 25 = 200
Profit = 320 - 200 = 120
Now, calculate the profit percentage (x):
​$$x = (\frac{Profit }{ Total \ Cost \ Price}) × 100 \\\ \\x = (\frac{120 }{ 200}) × 100 = 60 \%$$​​
Thus, the value of x is 60%.