Mohan brought 8 fans for Rs. 500 each and sold them at Rs. 550 each. Find his profit or loss percentage
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the answer for this question is 10%. take help of the following attachment.
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Step-by-step explanation:
cp of a fan = Rs.500
cp of 8 fans = 500 × 8
= 4000
sp of a fan = 550
sp of 8 fans = 550 × 8
= 4400
Since, (SP) > (CP),
So, Mohan makes a gain.
Gain = Rs (4400 - 4000)
= Rs 400
Gain% = (gain/cp × 100)%
= (400/4000 × 100)%
= 10% gain.
Therefore, Mohan makes a profit of 10%.
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