A shopkeeper bought an oven for ₹8000 and sold it for ₹7500. He paid ₹200 as tax and ₹300 as transportation charges. Find his profit or loss.
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1
Answer:
It is neither profit nor loss
Step-by-step explanation:
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Step-by-step explanation:
Cost of oven = 8000 rupees
Taxes and Transportation money = 500 rupees ( 200+300 rupees ) as Taxes and Transportation are added in cost price we will add 500 rupees with 8000 rupees so we will get the exact cost price or CP. We get 8500 rupees as cost price now the selling price is Rupees 7500, it means he has a loss. 8500-7500 rupees = rupees 1000,
The shopkeeper has a one thousand rupees loss..
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