Madhya Pradesh Police Exam Model Paper 10

Given:
A retailer buys a product for Rs. 2225. His transport charges are Rs. 25. He sells the product for Rs. 3600.
Formula used:
P% = (P/C.P) × 100
Where,
P% → Profit%
C.P → Cost price
Calculations:
Total cost price of product (C.P) = Purchase price + Transportation charges
$\Rightarrow 2225+25=\mathit{R}\mathit{s}.2250$
Selling price of product = Rs. 3600
Profit $=\mathit{R}\mathit{s}.3600\mathit{–}\mathit{R}\mathit{s}.2250=1350$
Profit% $=\left(1350/2250\right)\times 100=60\%$
∴ The profit percentage of the retailer is 60%