Question

Rohit bought stero for rs 6750. due to some defects in it . he had to pay rs 250 to the mechanic for its repair . he then sold it for rs 6500. find profit or loss
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Answer 1

Answer:

Step-by-step explanation:

cp of sterio =rs 6750

overhead expenses= rs 250

hence total cp = 6750+250=7000

sp = 6500

hence it is profit = 6500-6000= 500

i hope this helps you

Answer 2

Answer:

loss= ₹500

Step-by-step explanation:

Stero cost = 6750

repairing cost = 250

Now,

Total cost of stero = 6750+250 = ₹7000

Profit/Loss = Sale Price - Cost Price

= 6500 -7000

= -500

i.e. we have loss of ₹500