Question

Raghav bought 25 washing machines and microwave ovens for ` 2,05,000. He sold 80% of the washing machines and 12 microwave ovens for a profit of ` 40,000. Each washing machine was marked up by 20% over cost and each microwave oven was sold at a profit of ` 2,000. The remaining washing machines and 3 microwave ovens could not be sold. What is raghav's overall profit/loss?

Answer 1

Answer:

this must be your answer.

Answer 2

Given data:

Ragav bought 25 washing machining and microwave oven= 2,05,000

Sold 80% of washing machine and 12 microwave oven = 40000

Sold profit = 20000

To Find:

Calculate the Ragav overall profit or loss

Step –by- Step Explanation:

Step 1:

Total number of Microwave ovens = 15 (12 sold +3 unsold)

Hence, Washing machines = 10

Step 2:

He sold 12 ovens and 8 washing machines

Hence, In total he sold 80% of both

Step 3:

Thus, He sells 80% of both at a profit of Rs. 40,000.

Cost of 80% of the goods = 0.8×2,05,000 = 1,64,000

Step 4:

Result:

Hence, Total SP = 1,64,000+40,000 = 2,04,000

CP = 2,05,000

Loss = Rs.1000