A shoppkeeper bought a sofa at $20000 the overhead expences of labour was $250 and sell it at $35000. Find the profit or loss? tell the anwer if you are the brainliest
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Cost Price of the Sofa ( CP ) = ₹ 20000
Overhead Expense = ₹ 250
Selling Price of the Sofa = ₹ 35000
Total CP = CP + Overhead Expense
= 20000 + 250
= ₹ 20250
As, SP > CP = PROFIT
Profit = SP - CP
= 35000 - 20250
= ₹ 14750
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