a 5) Joseph bought machine for Rs 23,500. He paid rupees 1200,for transport and Rs 300 on tax he sold it to a customer for rupees 24250, What was his percent profit or loss ?
Answers
Answered by
1
Answer:
SOLUTION
Total cost price of machine = 23500 +1200 + 300 = Rs. 25000
Selling price Rs. 24250
Cost price greater than selling price. Therefore, loss. Loss Cost price - Selling price
= 25000 - 24250
= Rs. 750
Joseph suffered a loss of Rs. 750.
Supposing loss was N%,
N
750
100
N
100
N = 3
25000
x 100
=
3
100
× 100
Loss = 3%
Similar questions