Question

A shopkeeper sells a watch costing 750 for 3 840. Find his profit or loss percent.
A fruit-seller buys a basket of 240 oranges for 300. He sells them at 30 per doze
Find his profit or loss %.
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Answer 1

Answer:

i) 3090 The shop keeper gained a profit of 3090 (explanation given below)

ii) profit - 7200 rupees.

Step-by-step explanation:

Step by step

1) Price he bought the watch for = 750

price he sold it for = 3840

He sold it for a greater price so it is a profit

and the percentage would be 3840 - 750 = 3090

2) COST of the basket = 300

no. of oranges = 240

30 per doze = 30 x 240

= 7200

Answer 2

CP of a watch = ₹ 750

SP of watch = ₹ 3840

SP > CP, So profit = SP - CP = 3840 - 750 = ₹ 3090

Profit % = profit/CP*100 = 3090/750*100 = 52%