A shopkeeper purchased a pair of shoes for ₹ 800 and spent ₹20 on its box. He sold it at a profit of ₹80. Find---- (i) Actual C.P. of shoes (ii) S.P. of shoes (iii) Profit or Loss %

A shopkeeper purchased a pair of shoes for ₹ 800 and spent ₹20 on its box. He sold it at a profit of ₹80. Find----

(i) Actual C.P. of shoes (ii) S.P. of shoes (iii) Profit or Loss %

Solution:Given C P of shoes = 800 Rs.

overhead expenses = 20 Rs.

profit =80 Rs.

(1)Actual C P of shoes = C P of shoes + overhead expenses

                                     = 800 + 20

                                     = 820 Rs.

(2)S P of shoes

(Profit = S P - C P)

then, S P of shoes = Profit + C P (Actual)

                              = 80 + 820

                              = 900 Rs.

(3)Profit or Loss %

    Profit % = Profit/C P X 100

                  = 80/820 X 100

                  = 400/41 %