A shop keeper earns a profit of ₹150 on every chair and a loss of ₹ 50 on every table he sells. Find his profit or loss if he sells 12 chairs and 9 tables on a particular day.
Answers
Step-by-step explanation:
Ans:
1. Cost price = Rs 4500; Selling price = Rs 5000
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 5000 − 4500
= Rs 500
Hence, there is a profit of Rs 500.
2. Cost price = Rs 4100; Selling price = Rs 4090
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 4100 − 4090
= Rs 10
Hence, there is a loss of Rs 10.
3. Cost price = Rs 700; Selling price = Rs 799
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 799 − 700
= Rs 99
Hence, there is a profit of Rs 99.
4. Cost price = Rs 1000; Selling price = Rs 920
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 1000 − 920
= Rs 80
Hence, there is a loss of Rs 80.
The complete table is shown below.
Ex. Cost Price (in Rs) Selling Price
( in Rs) Profit or Loss How Much ?
1. 4500 5000 Profit Rs 500
2. 4100 4090 Loss Rs 10
3. 700 799 Profit Rs 99
4. 1000