Hari bought an old steel almirahfor 1000 ruppes and spent 300 rupee on painting it.he then sold it for 1495rupee find his profit per cent
Answers
Cost price of almirah= rs 1000
overhead expenses = rs 300
so total cost price= cost price + overhead expenses
= 1000 + 300
= rs 1300
Selling price = Rs 1495
Profit = SP - CP
= 1495 - 1300
= 195 rs
Profit percentage = Profit/Cost price×100
= 195/1300 × 100
= 15%
Step-by-step explanation:
Given cost price of almirah = 1000
cost of painting it = 300
total expenses = cost price + price of painting
= 1000 + 300
= 1300
Given selling price = 1495
profit = cost price - selling price
= 1495 - 1300
= 195
profit percent = profit / cost price × selling price
= 195 / 1300 × 1495
= 15%