A retailer buys a used laptop for ₹22,500. His overhead expenses are ₹1,500. He sells the laptop for ₹30,000. The profit percentage of the retailer is:
Answer & explanation
Correct answer: option 2
The cost price of the laptop = 22,500
Over head expenses = 1500
Then the actual cost price of the laptop = 22500 + 1500 = 24000
Selling price of the laptop = 30000
Profit% = ( 30000 - 24000 ) × \(\frac{100}{24000}\) = 25%