A shopkeeper buys200 bicycles at rs.1200 per bicycle. He spends rs.30 per bicycle on transportation. He also spends rs.4000 on advertising. Then he sells all the bicycles at rs.1350 per piece. Find his profit or loss. Also calculate it as a percentage.
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Answer:
100 rs and 8 % profit
Step-by-step explanation:
cycles price=1200*200=240000
30 per cycle for transport=30*200=6000
6000+240000=246000
advertising=250000
percyle price will be 250000/200=1250
but sold at 1350 which is 100 rs profit
% profit=1350-1250/1250 *100
which is 8 % profit
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