Multiple Choice Questions

A retailer buys a used laptop for Rs22 500 His overhead expenses are Rs1 500 He sells the laptop for...........

Quantitative Aptitude (MTS) Profit and loss

A retailer buys a used laptop for Rs22,500. His overhead expenses are Rs1,500. He sells the laptop for Rs30,000. The profit

percentage of the retailer is:

This questions was previously asked in

SSC MTS 21st July 2022 Shift-3

50%

25%

10%

52%

- The retailer buys the laptop for Rs22,500 and incurs Rs1,500 in overhead expenses.

- The total cost price of the laptop is Rs22,500 + Rs1,500 = Rs24,000.

- The retailer sells the laptop for Rs30,000.

- The profit is calculated by subtracting the total cost price from the selling price: Rs30,000 - Rs24,000 = Rs6,000.

- To find the profit percentage, use the formula: $(Profit / Cost Price) \times 100$ .

- $(6, 000 / 24, 000) \times 100 = 25 %$ .

- Correct Answer: Option 2 - 25%

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