Question

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 ​

Answer 1

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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