Question

CHECK YOUR UNDERSTANDING
1. A machine was purchased for 3250 and 3 250 was paid for transportation. If it was sold for rupees 4200 find the gain or loss percent


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Answer 1

Step-by-step explanation:

C. P of machine =rs 3250

Money paid for transportation =rs 3*250=rs 750

Overhead expenses =rs(3250+750) =rs4000

S. P of the machine =4200

Then S. P is greater than C. P so it is profit So profit=rs(4200-4000)=rs 200

Gain percent =200/4000*100=5 percent (ans)