Question

A shopkeeper buys an article for 735 and sold it for 850, find his profit or loss.
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Answer 1

Answer:

he have an profit of rupees 115.

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Answer 2

Answer:

There is loss of 25%.

Step-by-step explanation:

Since we have given that

Cost price of an article = Rs. 360

Selling price of an article = Rs. 270

Since cost price is greater than selling price.

So, there will be loss.

As we know that

Loss = Cost price - Selling price

Loss = Rs. 360 - Rs. 270

Loss = Rs. 90