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

Dear friend, here is your answer
Total cost price of almirah = ₹(2000+400) = ₹2400
Selling price of almirah = ₹3000
Profit = Selling price - Cost price
= ₹(3000-2400)
= 600
Profit % = Profit/Cost Price × 100
= 600/2400×100
= 25%



Hope it helps you
Regards
Tanisha

Answer 2

Hi,

Thanks for asking this question.

The steps are attached with my answer.

By the way,

Some important things to be considered on Profit & Loss topic,

SP = Selling Price

CP = Cost Price

When the CP >SP then its loss,
Loss = CP - SP

When the SP>CP then its profit,
Profit = SP - CP


Profit% = (Profit/CP) × 100

Loss% = (Loss/CP) × 100

SP = Profit + CP

CP = Loss + CP