Question

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A man bought a machine for ₹12,775 and paid ₹550 for transporting it to his town. He sold it for ₹14,500. What was his profit​

Answer 1

Answer:

The man gets a profit of ₹1175

Step-by-step explanation:

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C.P. of The Machine

= ₹12,775=₹12,775

Transportation cost

= ₹550=₹550

Overhead expenses are added to the cost price.

So, Total cost price

= ₹12,775 + ₹550 = ₹13,325=₹12,775+₹550=₹13,325

S.P. of the machine

= ₹14,500=₹14,500

Profit = S.P. – C.P.

= ₹ 14500 - ₹ 13325 = ₹ 1175=₹14500−₹13325=₹1175

Thus, the man gets a profit of ₹1175

${}^{i \: hope \: its \: help \: you}$

Answer 2

Answer:

Cost price of the sewing machine=purchased money+money spent on transportation

= 1250+250

= Rs 1500

Selling price of sewing machine = Rs 1600

profit %

S.P−C.P ×100

C.P.

=1600−1500 ×100

1500

= 100

15

= 6.67%

hope it's help♡