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A retailer buys a radio for Rs 225. His ...

A retailer buys a radio for Rs 225. His overhead expense is 15 He sells the radio for 300. The profit percent is:

A

0.25

B

26`2/3`%

C

0.2

D

33`1/3`%

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The correct Answer is:
To find the profit percentage for the retailer who buys a radio, let's break down the solution step by step. ### Step-by-Step Solution: 1. **Identify the Cost Price (CP)**: The retailer buys the radio for Rs 225. \[ \text{Cost Price (CP)} = 225 \text{ Rs} \] 2. **Add Overhead Expenses**: The retailer has an overhead expense of Rs 15. To find the actual cost price, we add this expense to the cost price. \[ \text{Actual Cost Price} = \text{CP} + \text{Overhead Expense} = 225 + 15 = 240 \text{ Rs} \] 3. **Identify the Selling Price (SP)**: The selling price of the radio is given as Rs 300. \[ \text{Selling Price (SP)} = 300 \text{ Rs} \] 4. **Calculate the Profit**: Profit is calculated by subtracting the actual cost price from the selling price. \[ \text{Profit} = \text{SP} - \text{Actual Cost Price} = 300 - 240 = 60 \text{ Rs} \] 5. **Calculate the Profit Percentage**: The profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Actual Cost Price}} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{60}{240} \right) \times 100 \] Simplifying this: \[ \text{Profit Percentage} = \left( \frac{1}{4} \right) \times 100 = 25\% \] ### Final Answer: The profit percentage is **25%**. ---
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