A merchant purchases some articles for rs 25000 and spends rs 9000 on transportation.if he sells the articles for rs 37125 ,find the profit per cent .
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Answer:
20%
Step-by-step explanation:
Here,
Cost price =rs. 25000+9000
=rs. 34000
Selling price = rs. 37125
Now, Sp>Cp so profit will occur.
Profit = Sp - Cp
=Rs. 37125 - 34000
= Rs. 3125
Profit% = Profit/Cp × 100
= 3125/16000 × 100
=20%
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