Ravi purchase of machine for rupees 425 and spend rupees 25 for transportation if he sold it for rupees 517 find his profit or loss percent
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Ravi purchase of machine for rupees 425 and spend rupees 25 for transportation if he sold it for rupees 517 find his profit or loss percent
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Answer:
Cost price = 225 + 15 = 240
Selling price = 300
Profit = 300 - 240
= 60
Profit % = profit * 100/cost price
= 60 * 100/240
= 25
So, the profit is 25%.
Hope this helps...
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