Question

Mr.Lal bought a motorbike for 17500.He spent 1200 on its repair.After that he sold it to a friend for 18800.Did he make profit or a loss ?Find out by how much.​

Answer 1

Answer:

C.p=17500+1200

=18700

S.p=18800

As S.p is greater than C.p

There is profit

Profit = 18800-18700

=100

Answer 2

Answer:

Cost of Motor Bike = ₹17500

Money spent on it = ₹1200

Total cost of motor bike =

₹17500 + ₹1200

= ₹18700.

Mr. Lal sold it for ₹18800

Profit = Selling Price - Cost Price

= ₹18800 - ₹18700.

= ₹100.

So , Mr. Lal makes profit by ₹100.

hope it may help you...

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