Question

Ram bought second hand scooter for ₹ 2,700. He spent ₹ 100 on
transportation and ₹ 200 on repair. He was able to sell it for ₹ 3,240. Find
his profit and loss percent.

Answer 1

Answer:

The profit percentage is 8%.

Step-by-step explanation:

c.p. of scooter =2700+100+200=3000

s.p. of scooter = 3240

profit = s.p.-c.p.

profit=3240-3000

profit = 240

profit percent = profit/c.p.*100

profit percent = 240/3000*100 = 8%percent.

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Answer 2

• Total profit is equal to 8% .

Given :- Ram bought second hand scooter for ₹ 2,700. He spent ₹ 100 on transportation and ₹ 200 on repair. He was able to sell it for ₹ 3,240.

To Find :- His profit or loss percent ?

Formula used :-

• Profit = Selling price - Cost price { when SP > CP. }
• Profit % = (Profit × 100) / CP .

Solution :-

→ Ram bought second hand scooter for = ₹ 2,700.

→ He spent on transportation = ₹ 100

→ He spent on repair = ₹ 200

So,

→ Total amount spent by Ram while on scooter = 2700 + 100 + 200 = ₹ 3000

then,

→ Cost price of scooter = ₹ 3000

→ Selling price of scooter = ₹ 3240

as we can see that,

→ ₹ 3240 > ₹ 3000

→ Selling price > Cost price .

since selling price is greater therefore cost price ram occured profit .

therefore,

→ Total profit = Selling price - cost price = 3240 - 3000 = ₹ 240

hence,

→ Profit % = (Total profit in ₹ × 100) / cost price

→ Profit % = (240 × 100) / 3000

→ Profit % = 8% (Ans.)

Hence, his profit is equal to 8% .

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