Question

A Person bought a pre-owned camera for Rs. 85000 and spent additional Rs. 4500 for memory cards and Rs 5500 for the tripod. Then he sold the whole kit for Rs. 100000. Find the profit or loss %. 
1. 5.26% loss
2. 6.36% profit
3. 6.36% loss
4. 5.26% profit

Answer 1

Correct Answer - Option 4 : 5.26% profit

Given:

Cost price of Camera = Rs. 85000

Cost price of Memory cards = Rs. 4500

Cost price of Tripod = Rs. 5500

Selling price of whole kit = Rs. 100000

Formula used:

Profit = Selling Price – Cost Price

Profit % = (Profit)/(Cost price) × 100

Loss = Cost Price – Selling Price

Loss % = (Loss)/(Cost price) × 100

Calculation:

Total Cost price of kit = 85000 + 4500 + 5500 = Rs. 95000

Selling price of kit = Rs. 100000

Profit = SP – CP

⇒ Profit = 100000 – 95000

⇒ Profit = Rs. 5000

Profit % = Profit/CP × 100

⇒ Profit % = 5000/95000 × 100

⇒ Profit % = 5.26 %

∴ Person got 5.26% profit in whole transaction.