Abraham bought goods worth ₹ 50000 and spent ₹ 7000 on transport and octroi. If he sold the goods for ₹ 65000, did he make a profit or a loss? How much?
Answers
Answered by
45
Money spent= 50000+7000= Rs57000
Money earned=Rs 65000
65000-57000= Rs 8000
65000 is greater than 57000. Therefore, a profit by Rs 8000.
Money earned=Rs 65000
65000-57000= Rs 8000
65000 is greater than 57000. Therefore, a profit by Rs 8000.
Answered by
31
Answer:
He made a profit of Rs 8000
Step-by-step explanation:
braham bought goods worth ₹ 50000 and spent ₹ 7000 on transport and octroi. If he sold the goods for ₹ 65000, did he make a profit or a loss? How much?
Cost of goods = Rs 50000
Transportation & Octroi cost = Rs 7000
Net effective cost Price = 50000 + 7000 = Rs 57000
Goods sold at Rs 65000
Selling Price of good = Rs 65000
65000 > 57000
Selling Price > Cost Price
Profit = Selling Price - Cost Price
=> Profit = 65000 - 57000 = Rs 8000
He made a profit of Rs 8000
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