Question

a man purchased a sewing machine for rs 1250 and spent rs 250 on its transportation he sold it for rs 1600,find his profit percent?

Answer 1

HELLO DEAR,

. COST PRICE=1250+250=1500

SELLING PRICE=1600

GAIN=1600-1500=100

GAIN PERCENT=>
$\frac{100 \times 100}{1500} \\ = > \frac{100}{15} \\ = > \frac{20}{3} = 6 \frac{2}{3} \%$

I HOPE ITS HELP YOU DEAR,
THANKS

Answer 2

Concept:

Here, we have applied the concept of profit = $\frac{SP-CP}{CP} *100$

Given:

Purchase price =₹ $1250$

Transportation cost = ₹$250$

To find:

The profit percent.

Solution:

The cost price of the sewing machine = purchased money+money spent on transportation

= 1250+250

= ₹1500

The selling price of a sewing machine = ₹1600

profit % =

$\frac{SP-CP}{CP}*100 \\\frac{1600-1500}{1500} *100\\\frac{100}{15} \\6.67%$

∴The profit percent is 6.67%

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