Question

Solve: (One has been done for you.) *(1) Abraham bought goods worth 50,000 and spent 7000 on transport and octroi. If he sold the goods for 65,000, did he make a profita loss? How much? H. W Solution: Total cost price of goods = 50,000 + 7,000 = 57,000 Selling price of goods = 65,000 Here the selling price is greater than the cost price. :. It is a profit. Profit = Selling price - Cost price = 65,000 - 57,000 ₹8000 Abraham made a profit of 8000 in this transaction. can You expand​

Answer 1

Answer:

Abraham made a profit of 8000