A retailer buys 12 pairs of shoes for ₹22,400.
A retailer buys 12 pairs of shoes for ₹22,400. His overhead expenses are ₹1,600. If he earns ₹28,500 from the sale of these 12 pair of shoes, determine his profit percentage.
एक खुदरा विक्रेता ₹22,400 में 12 जोड़ी जूते खरीदता है। उसका उपरि खर्च 1,600 है। यदि वह इन 12 जोड़ी जूतों की बिक्री से ₹28,500 अर्जित करता है, तो उसका लाभ प्रतिशत ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
18.75%
Cost of 12 pairs of shoes = ₹22,400
Overhead expenses = ₹1,600
Total Cost Price (CP)
CP = 22400 + 1600 = ₹24000
Total Selling Price (SP) = ₹28,500
Profit
Profit = 28500 - 24000 = ₹4500
Profit Percentage
Profit % = $ \frac{4500}{24000} \times 100 = 18.75% $
Answer = 18.75%
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