a shopkeeper bought an oven for rs 5000 and sold it for 6500.he paid rs 200 as transportation charges.find the gain or loss
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he has a gain of rupees 1300. thank you
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answer-
cp of shopkeeper = 5000
transportation charges = 200
so, gross cp = 5200
sp= 6500
sp is larger than cp
so he had a profit
profit= sp-cp
profit= 6500-5200
profit= 1300
the shopkeeper had a profit of rs. 1300
profit% = 1300/5200*100
profit% = 13/52*100
profit%= 100/4
profit%= 25%
hope it helps
have a nice day
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