John bought an old machine for rs 4150 and spent rs 145 on transportation. He sold the machine for rs 5660. Find his profit or loss and its percentage.
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Question:-
John bought an old machine for rs 4150 and spent rs 145 on transportation. He sold the machine for rs 5660. Find his profit or loss and its percentage.
Answer:-
The profit percentage is 20%.
Step-by-step explanation:
Given : Harish bought a second hand typewriter for Rs. 1200 and spent Rs 200 on its repair. He sold it for Rs. 1680.
To find : What is the profit or loss percentage?
Solution :
Cost price of typewriter is Rs.1200.
On repairing amount spent is Rs.200.
Total cost price is 1200+200=Rs.1400
The selling price of typewriter is Rs.1680.
As SP>CP their is a profit.
Profit = 1680-1400=Rs.280.
Profit% is
p%=p/cp*100
p%280/1400*100
p%=20
Therefore, The profit percentage is 20%.
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