Question

Ramaiah purchased a second hand Scooter for rupees 2000 and pay 2% Commission to the middleman and spent rupees 1230 for painting the scooter and sold it for rupees 4000. what will he incur profit or loss. give reason

Answer 1

given

price of second hand sccotor = 2000
commission = (2000*2%)
= 40
painting charges = 1230

total charges = 2000 + 40+ 1230
= 3270

purchase price = 3270
sales price = 4000

gain or loss = sales price - purchase price
= 4000 - 3270
= 730

gain = 730