A watchseller purchased 5 old watches for 2577.50 rupee each. he spent 850 rupee on repairing them and sold at the rate of 2650.75 rupee each . Find the loss or profit of the shopkeeper. answer with solution step by step. answer is loss of 483.75. answer please solve fast. please
Answers
Step-by-step explanation:
⬛ A watch seller purchased 5 old watches for Rs.2577.50 each.
⬛ He spend Rs. 850 on repairing then.
⬛ He sold watches at the rate of
Rs. 2650.75 each.
⬛ Find the loss or profit of the shopkeeper.
⬛ If loss or profit find it.
We know,
Price of each old watches
= Rs. 2577.50
The price of 5 old watches
= 5× 2577.50
= 12887.50
Money spend on repairing = 850
Total C.P of 5 watches
= 12887.50 +850
= 13737.50
S.P of one watch = 2650.75
Total S.P of 5 watches
= 5 × 2650.75
= 13253.75
Clearly C.P > S.P, There was a loss.
Loss = 13737.50 - 13253.75
= 483.75
Hence, The watchseller have loss of Rs. 483.75
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C.P = Cost Price
S.P = Selling Price
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C.P > S.P = C.P is greater than S.P
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