a shopekeeper bought 80 pressure cookers at rs 400 each. He spent rs 1000 for transportation and paid rs 3000 to salesman as commission. All the items were sold at rs 500 each. Find the profit or loss percentage
Answers
Answered by
1
Answer:
Profit= 11.11%
Step-by-step explanation:
Total cost= (80 x 400) + 1000 + 3000 = Rs 36000
Sold at = (80 x 500) = Rs 40000
Profit= 40000-36000= Rs 4000
Percentage = 4000/36000 x 100
= 1/9 x 100 = 11.11% Profit
Answered by
0
Answer:
The total cost of 80 pressure cookers = 80 x 400 = Rs. 32,000
Total cost including transportation = 32,000 + 1000 = Rs. 33,000
Total cost including commission = 33,000 + 3000 = Rs. 36,000
Total revenue from selling 80 pressure cookers at Rs. 500 each = 80 x 500 = Rs. 40,000
Profit = Total revenue - Total cost
Profit = Rs. 40,000 - Rs. 36,000 = Rs. 4,000
Profit percentage = (Profit / Total cost) x 100
Profit percentage = (4000 / 36000) x 100
Profit percentage = 11.11%
Therefore, the shopkeeper made a profit of 11.11%.
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