Question

an old study table was bought for rs,1500. some repairs were done for ,375. the study table was then sod for rs.2500. find the profit or loss.

Answer 1

So total cost put on the table is 1500+375 (repair)=1875

The selling price was rs 2500

It is profit as cost price is less than selling price

profit=Cp-Sp

so, the total profit is rs 625

Answer 2

C.P= RS 1500

S.P= RS 2500

REPAIR NEW C.P=RS 1500+ RS 375= RS 1875

PROFIT = S.P-C.P

=RS 2500 - RS 1875

=RS 625