Question

Mr. Mehta purchased a dozen famous paintings at Rs. 20000 per piece. He spent Rs. 25000 on advertisement. He sold each painting for Rs. 25000. Find his profit or loss

Answer 1

Answer:

total cost price=20000×12+25000=265000 for 12 paintings

selling price of 12 paintings =12×25000=300000

profit= sp-cp

300000-265000=35000

Answer 2

Answer:

CP=20000per peace

sp=25000

so,

He bought a dozen

=20000*12

=240000

=240000+25000

=265000

so,

25000per painting

25000*12

=300000

so,

300000—265000

=35000

he gain a profit of

35000