The handbags are bought at the rate of ₹1500 per piece. Transporting them cost ₹125 .If they are sold for ₹5087.50 ,find the profit made and profit percent.
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Purchase price of handbags = 1500
additional cost(transportation) = 125
Total cost price = 1500 + 125 = 1625
Total selling price= 5087.5
selling price> cost price
so profit exists..
Profit= selling price - cost price..
= 5087.5 - 1625
= 3462.5
profit Percentage= (profit/cost price)×100
= (3462.5/1625)×100
=(2.130) × 100
= 213%
additional cost(transportation) = 125
Total cost price = 1500 + 125 = 1625
Total selling price= 5087.5
selling price> cost price
so profit exists..
Profit= selling price - cost price..
= 5087.5 - 1625
= 3462.5
profit Percentage= (profit/cost price)×100
= (3462.5/1625)×100
=(2.130) × 100
= 213%
Answered by
3
Purchased @1500
Transportation @125
Total Cost will be 1500 + 125 = 1625
Total sales price = 5087.50
We know that
profit= Sales price - cost price
= 5087.5 - 1625
=3462.50
Profit Percentage= Profit/cost price ×100
=3462.50/1625 × 100 = 213%
Transportation @125
Total Cost will be 1500 + 125 = 1625
Total sales price = 5087.50
We know that
profit= Sales price - cost price
= 5087.5 - 1625
=3462.50
Profit Percentage= Profit/cost price ×100
=3462.50/1625 × 100 = 213%
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