Question

a dealer purchase and antique cutlery set what are these 650 and spent Rs 150 on its polishing he then sold the same cutlery set for 900 find the find his net profit or net loss percentage​

Answer 1

Answer:

12.5% profit

Explanation:

CP of cutlery set = Rs.650

Overhead charges = Rs.150

Actual CP = Rs.650 + 150 = Rs.800

SP of cutlery set = Rs.900

SP > CP

Hence, profit = Rs.900 - 800 = Rs.100

Profit percentage = 100/800 × 100 = 12.5%

Answer 2

Answer:

CP of cutlery set = Rs.650

Overhead charges = Rs.150

Actual CP = Rs.650 + 150 = Rs.800

SP of cutlery set = Rs.900

SP > CP

Hence, profit = Rs.900 - 800 = Rs.100

Profit percentage = 100/800 × 100 = 12.5%