Question

A man purchased a cell phone for 2000rs. by paying 200rs more he replaces its body case if he sells the phone for 2500rs find his profit or loss percent

Answer 1

CP= RS 2000

OVERHEAD EXPENSE= RS200

TOTAL CP= RS 2200

SP= RS2500

since sp is greater than cp the man made profit of rs 300(2500-2200)

profit percent= p*100/cp

300*100/2200 = rs 13.63

THEREFORE THE MAN MADE PROFIT OF RS 13.63