A businessman invests Rs. 50,000 in buying items and spends Rs. 5,000 on transportation and Rs. 3,000 on storage. If he sells the items for Rs. 63,000, what is the profit or loss percentage?
8.62% profit
The total cost includes the purchase price and additional expenses: \(50000 + 5000 + 3000 = 58000\).
The selling price is Rs. 63,000, so the profit is \(63000 - 58000 = 5000\).
The profit percentage is \(\frac{5000}{58000} \times 100\).
Calculating, \(\frac{5000}{58000} \times 100 = 8.62\%\).
Hence, the answer is 8.62% profit.
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Important Questions from Profit and Loss
By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?
