Question

A man bought a machine for ₹12,775 and paid ₹550 for transporting it to his town. He sold it for ₹14,500. What was his profit

Answer 1

Answer:

An earthquake,of magnitude 2.5 on richter scale cannot be recorded on a seismometer.

Answer 2

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C.P. of The Machine

$= ₹12,775$

Transportation cost

$= ₹550$

Overhead expenses are added to the cost price.

So, Total cost price

$= ₹12,775 + ₹550 = ₹13,325$

S.P. of the machine

$= ₹14,500$

Profit = S.P. – C.P.

$= ₹ 14500 - ₹ 13325 = ₹ 1175$

Thus, the man gets a profit of ₹1175