Rahul buys an almirah for ₹ 2,000 and spends ₹ 400 as its transportation charges. If he sells the almirah for ₹ 3,000, determine his profit per cent.(7th class math)
Transportation charges = Rs.400
Selling price (S P) of almirah = Rs.3000
According to question,
Actual C P of almirah = C P of almirah + Transportation charges
= 2000 + 400
= 2400 Rs.
S P > C P ,then there is a gain or profit.
then,Profit = S P - C P
= 3000 - 2400
= 600 Rs.
Profit % = Profit/C P X 100
= 600/2400 x 100
= 25 %
Therefore,Profit 25%.
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