Question

anbu sold a table for 7480 and paid 550 as transportation charge . he sold it fot 10,000 find his profit or loss?

Answer 1

cp=7480

paid in transportation=550

total cost=7480+550

               =8030

sp=10000

profit=sp-cp

        =10000-8030

         =Rs 1970

Answer 2

total cp = cp+overhead expenses
so, cp= 7480+550=8030
we know,
sp=10000
there is a profit as Sp is greater than cp
profit= sp-cp
=10000-8030=1970
Answer = Rs. 1970