Mathematics · Profit and Loss
A retailer buys a computer for Rs. 30,000. He spends some amount on overhead expenses and then sells the computer for Rs. 43,750, making a profit of 25% on the total cost. The overhead expenses are what percentage of the initial cost price?
- 116.67%✓
- 220%
- 315%
- 412.67%
Correct answer
16.67%
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