Question

a dealer bought 20 TV sets for rupees 3150 each and paid a total Cottage of rupees 360 he sold these at Rs 3500 each find his total profit

Answer 1

No profit, he has a loss of ₹10

Answer 2

The dealer gained a profit of Rs. 6640.

• A dealer bought 20 TV sets for Rs. 3150 each

Total Cost price of 20 TV sets = 3150 × 20 = Rs. 63000

• Now the rent of the cottage was Rs. 360

• Selling price of a TV is Rs. 3500

Total selling price of 20 TV = 3500 × 20 = 70000

• Total Profit = Total Selling price - Total Cost price - Cottage rent

Total Profit = 70000 - 63000 - 360 = 6640.

• The total profit is Rs. 6640.