Question

Rahul buys an almirah for rupees 2000 and spends rupees 400 as its transportation charges. If he sells the almirah for rupees 3000, determine his profit percent

Answer 1

Cp of almirah=2000
Overhead expenses=400
Net Cp=(2000+400)=2400
Sp of almirah=3000
Profit %= (sp-cp)/cp×100
=600/2400×100
=25%
Hope it hlps.

Answer 2

cp = 2000+400=2400
sp= 3000
profit=3000-2400=600
profit percent = 600/2400×100=25%