Question

Vinay bought a machine from a factory for RS8600. He spent RS 250 on transport and RS 150 on porterage. If he sold it to a costumer for RS 10000, what was his profit percent or loss percent?

Answer 1

$\pink{Given:-}$

CP of machine=8600Rs

Money spent on transport=250Rs

Money spent on porterage=150Rs

Total CP=8600+150+250=9000Rs

SP of machine=10000Rs

$\red{To Find:-}$

Profit or loss percent.

$\purple{Solution:-}$

SP>CP

So, there is a profit.

Profit=SP-CP

=10000-9000

=1000Rs

Profit percent=$\frac{Profit}{CP}$×100

Profit percent=$\frac{1000}{9000}$×100

=$\frac{100}{9}$

=11.11%

So, there is a profit of 11.11%.

$\orange{Formula used:-}$

Profit=SP-CP

Profit percent=$\frac{Profit}{CP}$×100