Solve the following word problems:
d) The price of a box of pencils is Rs.22. Ravi bought 25 such boxes and sold at Rs.26 per box. Find the profit or loss in this transaction ?
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Question:-
The price of a box of pencils is Rs.22. Ravi bought 25 such boxes and sold at Rs.26 per box. Find the profit or loss in this transaction ?
Given:-
Price of 1 pencil box C.P. = Rs.22
Total Box Purchased by Ravi = 25 boxes
Price Made by Ravi S.P. = Rs.26 per box
Find:-
Profit or Loss
Solution:-
Cost Price C.P. = Rs.22
Total Boxes = 25
Selling Price S.P. = Rs.26 per box
C.P. Total = C.P. × Total Box
= Rs.22 × 25
= Rs.550
S.P. Total = S.P. × Total Box
= Rs.26 × 25
= Rs.650
Profit or Loss = S.P. Total - C.P. Total
= Rs.650 - Rs.550
= Rs.100
•°• Profit on 25 boxes at Rs.26 per box = Rs.100
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