sudhir bought an almirah for ₹ 13600 and spent ₹ 400 on its transportation. he sold it for ₹ 16800. find his gain percent.
Answers
Step-by-step explanation:
From the question,
Sudhir bought an almirah for = ₹ 13600
cost price Transportation cost = ₹ 400
The total cost price of almirah = ₹ (13600 + 400) = ₹ 14000
He sold it for = ₹ 16800 =
Selling price By comparing SP and CP = SP > CP
so there is a gain Gain = SP – CP = 16800 – 14000 = ₹ 2800 Gain % = {(gain/CP) × 100} = {(2800/14000) × 100} = {2800/140} = 20%
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GIVEN :-
- C.P of almirah = Rs. 13600
- S.P of almirah = Rs. 16800
- overhead expenses = Rs. 400
TO FIND :-
- gain percent (P%).
SOLUTION :-
➬ Actual C.P = C.P + overhead expenses
➬ Rs. 13600 + Rs. 400
➬ Rs. 14000.
Hence the actual C.P of almirah is Rs. 14000
➬ Profit = S.P - Actual C.P
➬ Rs. 16800 - Rs. 14000
➬ Rs. 2800
Hence profit of Sudhir is Rs. 2800.
☯ Profit % = [(profit / Actual C.P) × 100]%
➬ [(2800/14000) × 100]%
➬ [(28/14) × 10]%
➬ 20%
Hence Profit % = 20%.