Question

Prem has a shop where he sells bats and balls he buys his stock from a whole seller at the rate of rupees 40/- per ball and 1100/- per bat. He sells the same to his customers at Rs60/- per ball and 160/- per bati What is Prem's profit margin in percentage on bats and balls?​

Answer 1

Given-

Cost Price of ball= Rs.40

Cost Price of bat=Rs. 1100

Selling Price of ball = Rs. 60

Selling Price of bat = Rs. 160

To find-

Profit  margin on bats and balls

Soluiton-

Selling Price - Cost Price = Profit

For ball,

Rs. 60 - Rs. 40 = Rs. 20

For bat,

Rs. 160 - Rs. 1100 =  - Rs.940

hence, the profit margin on ball is for Rs. 20 and the loss on bat is for Rs. 940.

A profit and loss statement is calculated by taking a company’s total revenue and subtracting the total expenses. If the resulting figure – known as net income – is negative, then the  company has made a loss, and if it is positive, then the  company has made a profit.

Answer 2

Answer:

Step-by-step explanation: