Question

3. Adam purchased a small office space for * 50,000. He spent 6,000 for
repairs and 12,500 for air-conditioning. If he sold the space after a year for
*62,500 did he make a profit or loss and by how much?​

Answer 1

Step-by-step explanation:

c.p=50000

he spent money=12500+6000=18500+50000=68500

LOSS=c.p.-s.p.

=68500-62500

=6000

Answer 2

Step-by-step explanation:

Purchased a office space for 50000

He spent money :-

Repairs :- 6000

Air - conditioning :- 12500

Total :-

50000+6000+12500 = 68500

sales for 62500

loss = c. p - s. p.

= 68500 - 62500

= 6000