3. Sandeep imported a car whose cost price was rs 9,75,000. The shipping charges were
rs 80,000 and other charges were rs 3,000.He then sold the car for rs 13,84,750. Find his profit or loss
Answers
Answered by
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Profit = ₹326750
Step-by-step explanation:
GIVEN
Cost Price = ₹975000
Shipping Charges = ₹80000
Other Charges = ₹3000
Selling Price = 1384750
___________________________
TO FIND
Profit or Loss
___________________________
We know that,
Profit = Selling Price - Cost Price
Loss = Cost Price - Loss Price
___________________________
To find the loss of profit
We need to find the total investment first
Total Investment = Cost Price + Shipping Charges + Other Charges
Total Investment = 975000 + 80000 + 3000
Total Investment = 1058000
Total Investment = ₹1058000
He sold the car in more amount than total investment
Therefore,
There is profit
We know that,
Profit = Selling Price - Cost Price
Profit = 1384750 - 1058000
Profit = 326750
Profit = ₹326750
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