Raj bought a table for rupees 12160 and paid rupees 340 for its transportation. Then he sold it for rupees 12875. Find his gain or loss percentage.
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Step-by-step explanation:
Profit%= gainx100/cost price
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Cost at which table was purchased = Rs 12160
Extra expenditure for table = Rs 340
So the total cost = 12160 + 340 = 12500
Price at which he sold = Rs 12875
SP > CP = PROFIT
Profit = SP - CP
= 12875 - 12500
SP. = Rs 375
Profit % = 375 / 12500 x 100
= 4)375/125
= 3% was his profit
Hope it helps you
Extra expenditure for table = Rs 340
So the total cost = 12160 + 340 = 12500
Price at which he sold = Rs 12875
SP > CP = PROFIT
Profit = SP - CP
= 12875 - 12500
SP. = Rs 375
Profit % = 375 / 12500 x 100
= 4)375/125
= 3% was his profit
Hope it helps you
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