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1. A shopkeeper bought a table for 3 250,50. He sold it for 3 300.50. Find his profit or loss. |
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Answer» N :A SHOPKEEPER BOUGHT a table for 3 ,250,50. He sold it for 3 ,300.50. Find his profit or loss.FORMULA :Profit = SELLING PRICE - Cost Price Loss = Cost Price - Selling PriceANSWER :It is a profit because the selling price is higher than cost price,Therefore,Profit = Selling Price - Cost Price Profit = 3,300.50 - 3,250.50Profit = 50FINAL ANSWER : Profit of RS. 50 |
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