Question

The Jijamata Women’s Saving Group bought raw materials worth ₹15000 for making chakalis. They sold the chakalis for 22050 rupees. How much profit did the WSG make?

Answer 1

The cost price of raw materials is ₹15000
The selling price of the finished product is ₹22050.
As there is no overheads mentioned in the question profit = SP-CP= 22050-15000=₹ 7050 profit

Answer 2

Answer:

Given: The Jijamata Women’s Saving Group bought raw materials worth Rs 15000 for making chaklis. They sold the chaklis for 22050 rupees.

To find: How much profit did the WSG make?

Step-by-step explanation:

Cost of raw materials bought by the Jijamata Women’s Saving Group = 15000

Amount of money for which they sold the chaklis = Rs. 22050

Now we will Calculate the profit,

Apply, Profit= Selling price(SP)​​−​​Cost price(CP)

Put,CP=15000

and SP=22050

​Profit= 22050​−15000

= Rs. 7050

Hence, the profit made by Jijamata Women’s Saving Group = 7050.

• The question was based on selling price and cost price.
• The formula will be put for selling price and cost price

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