Question

3. Lily bought 10 grinding machines for Rs. 70,000. She spent Rs. 1000 on transport. If she sold the grinding machine for Rs. 8500 each, how much profit or loss did she make?​

Answer 1

Answer:

Lily made a profit of Rs 14,000 on 10 Grinding Machines

Step by step explanation:

In Context to the question we have to find out the profit or loss for Lily.

Given;

The price of 10 Grinding machine = 70,000

Transportation cost = 1000

The total price of 10 Grinding machine with Transportation cost =71,000

Cost of One grinding machine = 71,000/10

= 7,100/-

It is also given that she sold each machine for = 8,500/-

Profit or loss = Selling price - total Purchasing price

Profit or loss = 8,500 - 7,100

Profit or loss = 1,400 /-

Hence the value is positive! Its Profit for Lily

Therefore, Profit= 1,400/- per machine

There profit for 10 grinding machine = profit x 10

=1,400 x 10

=14,000/-

HENCE, Lily made a profit of Rs 14,000 on 10 Grinding Machines