Question

If 600 glasses are bought at the rate of Rs. 12 each, and 480 are sold at the rate of Rs. 15 each. Find the overall profit or loss.​

Answer 1

Answer:

Given:

       Glasses bought at rate of Rs.12 each = 600

       Glasses sold at rate of Rs.15 each = 480

To Find: Profit Or Loss?

Working:

Finding cost of 600 glasses at cost of Rs.12 each: 600 x 12 = 7200

Finding cost of 480 glasses at cost of Rs.15 each: 480 x 15 = 7200

Both cost is equal but in 2nd equation, there is less glasses and same cost as 1st equation. Therefore, in 2nd equation there is profit.

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