Question

d) Find the profit or loss and its percentage ?​

Answer 1

Answer:

Given :

Cost Price = Rs 3800

Overhead expenses = Rs 200

Selling Price = Rs 3500

To find :

Loss or Profit Percent

Total Cost Price = Cost price of an article + Overhead Expenses

Total Cost Price = Rs 3800 + Rs 200 = 4000

So, Cp < Sp

Loss is incurred

Formula used :

$loss\% = \frac{loss}{cp} \times 100$

Loss = Cp - Sp = 4000 - 3500 = 500

$loss\% = \frac{500}{4000} \times 100$

$loss\% = \frac{500}{40}$

$loss\% = \frac{50}{4}$

$loss\% = 12.5\%$

Thanks