Question

Rakesh purchased a T.V for ₹ 5000 and paid ₹ 250 for its transportation. If he sold the T.V. for ₹ 5075, find his profit or loss percentage.

Answer 1

Price at which T.V. was bought =₹ 5000
Overheads in the form of transportation = ₹ 250
`:.` The total cost price of the T.V. =(5000+250)=₹ 5250
Selling price of the T.V.=₹ 5075
S.P. `lt`C.P.`implies` There is a loss
and loss=C.P.-S.P.=5250-5075=₹ 175
`:.` Loss percentage `=("Loss")/(C.P.)(100%)=(175)/(5250)(100%)=(10)/(3)%=3.33%`
`:.` Rakesh incurred a loss of 3.33%.