Question

.Vishwas bought a machine for Rs24,000. he paid Rs1000as transport charges. if he sold the machine for Rs26,000. what is his percent profit or percent loss?

Answer 1

Answer:

Step-by-step explanation:

Cost price of machine = 24000

Transport charges = 1000

Total cost of machine = 25000  

Selling price of machine = 26000

Selling price > cost price

Therefore, Vishwas has earned profit

Profit = S.P - C.P

= 26000 - 25000

= 1000

Profit percent = Profit / C.P x 100

= 1000 / 25000 x 100

= 4%

Therefore, Vishwas earned a profit of 4%.

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Answer 2

Answer:

Profit of ₹1,000 by 4%.

Step-by-step explanation:

Total cost (buy and maintaining) = ₹24,000 + ₹10,000

CP = ₹25,000

Now if CP < SP then, there is PROFIT.

So, we know that: Profit = SP - CP = ₹26,000 - ₹25,000 = ₹1,000

Now, we need to calculate how much percentage is ₹1,000 of ₹25,000?

$\frac{1000*100}{25000}$= $4$%

Answer: Vishwas has a profit by selling the machine and gained ₹1,000. And ₹1,000 is 4% of ₹25,000 (CP).