Majid bought an old television set for Rs 14500. He spent Rs 250 as transportation and Rs 400 as repairing charges. Later he sold the television at Rs 16000. Did he make a profit or loss? How much.?
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4
Answer:
₹850 Profit
Step-by-step explanation:
Cost Price (CP) of television = ₹14500
Overheads = ₹250 + ₹400 = ₹650
Total CP = ₹14500 + ₹650 = ₹15150
Selling Price (SP) = ₹16000
SP > CP,
Profit = ₹16000 - ₹15150 = ₹850
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Step-by-step explanation:
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