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Asked by Neeraj Last Modified
Pooja R. Jain
Let's calculate the profit or loss percentage.
Cost Price (CP) of the TV: The TV was bought for Rs 2500.
Expenses on repair: An additional Rs 500 was spent on its repair.
Total Cost Price=Cost Price of TV+Repair ExpenseTotal Cost Price=Cost Price of TV+Repair Expense Total Cost Price=Rs2500+Rs500=Rs3000Total Cost Price=Rs2500+Rs500=Rs3000
Selling Price (SP) of the TV: The TV was sold for Rs 3300.
Profit or Loss: Profit or Loss=Selling Price−Total Cost PriceProfit or Loss=Selling Price−Total Cost Price Profit or Loss=Rs3300−Rs3000=Rs300Profit or Loss=Rs3300−Rs3000=Rs300
Now, let's calculate the profit percentage:
Profit %=(ProfitTotal Cost Price)×100Profit %=(Total Cost PriceProfit)×100 Profit %=)×100=10%Profit %=()×100=10%
So, the profit percentage is 10%.
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