Advertisements
Advertisements
Question
A shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs 3400. How much was his profit?
Advertisements
Solution
Cost price of bicycle = Rs 3000
Selling price of bicycle = Rs 3400
Since selling price > cost price, so there is a profit.
Profit = Selling price − Cost price
= 3400 − 3000
= Rs 400
∴ The shopkeeper made a profit of Rs 400 in this transaction.
RELATED QUESTIONS
A VCR and TV were bought for Rs 8,000 each. The shopkeeper made a loss of 4% on the VCR and a profit of 8% on the TV. Find the gain or loss percent on the whole transaction.
A shopkeeper allows 23% commision on his advertised price and still makes a profit of 10%. If he gains Rs 56 on one item, find his advertised price.
From a wholesaler, Santosh bought 400 eggs for Rs 1500 and spent Rs 300 on transport. 50 eggs fell down and broke. He sold the rest at Rs 5 each. Did he make a profit or a loss? How much?
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price ₹1600, selling price ₹ 2800
______ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.
The loss per cent on selling 140 geometry boxes at the loss of S.P. of 10 geometry boxes is equal to ______.
A lady bought an air-conditioner for Rs 15,200 and spent Rs 300 and Rs 500 on its transportation and repair respectively. At what price should she sell it to make a gain of 15%?
If 90% of x is 315 km, then the value of x is ______.
John sells a bat for ₹ 75 and suffers a loss of ₹ 8. The cost price of the bat is ______.
By selling a book for ₹ 50, a shopkeeper suffers a loss of 10%. The cost price of the book is ₹ 60.
