an old article is bought for rs 1600 and rs 900 is spent on it repairing of the repaired article is sold for rs 2000 find (i)the profit or loss on selling articles (ii) the profit or the loss as percent on the whole
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer:
cost price =1600
repairing cost =900
thus, cost price =2500
selling price = 2000
loss = 2500-2000= 500
loss % = 500*100/2500= 20
Answer:
Loss= rs500 loss%= 25%
Step-by-step method:
Repairing expenses will be added to CP. so, 1600+900=2500.
Since CP>SP, there is loss.
Loss amount= CP-SP
2500-2000
500
Loss%= Loss/CP X 100
500/2000 X 100
25%