Question

A man purchased 40 chairs at the rate of ₹72 each. 5 chairs got damaged. The rest were sold at ₹ 84 each. What is his loss or profit percentage ?​

Answer 1

Answer:

You do in your calculator

Answer 2

Purchased cost = ₹72 * 40 = ₹2880

40 chairs purchased total cost (C.P) = ₹2880

when , Good chairs = 40-5 = 35 chairs sold

Earn cost (S.P) = ₹84 * 35 = ₹2940

so , It is Profit

Profit = 2940 - 2880 = ₹60

formula ;-

Profit % = Profit * 100 ÷ C.P

⇒ Profit % = 60*100/2880 = 6000/2880

⇒ Profit % = 2.0833 ≈ 2.08%

• Profit Percentage =2%

More Information :-

• Loss % = Loss *100 / C.P
• Profit % = Profit * 100 /C.P