A retailer buys a watch for …
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Posted by Chitiz Srivastava 5 years, 2 months ago
- 2 answers
Gaurav Seth 5 years, 2 months ago
Given:
- Cost price of watch is Rs 135.
- Overhead expenses on watch is Rs 5.
- Selling Price of watch is Rs 154.
Solution: Total cost price of watch = (Original price + Overhead expense )
➟ Total C.P of watch = Rs (135 + 5) = Rs 140
And, The S.P of watch is Rs 154.
On Comparing both S.P and C.P we get
➢ S.P > C.P { Hence, There is Profit }
Profit = Selling Price – Cost Price
Profit = Rs (154 – 140)
Profit = Rs 14
Now, we have to find the profit percent :
Profit % = (Profit/C.P x 100) %
Profit % = ( 14/140 x 100)%
Profit % = ( 1400/140 ) %
Profit % = 10 %
Hence, The the profit percent made by retailer is 10%.
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Surya Surya 5 years, 2 months ago
0Thank You