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    abraham bought goods worth rs 50000 and spent rs 7000 on transport and octroi. if he sold the goods for rs 65000, did he make a profit or a loss? how much?

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    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000 , did he make a profit or a loss? How much?

    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000 , did he make a profit or a loss? How much?

    Question

    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?

    Open in App Solution

    Cost price of the goods = Rs 50000

    Money spent on transport and octroi = Rs 7000

    Total expenses while buying goods = cost of goods + money spent on transport and octroi

    = 50000 + 7000 = Rs 57000

    That is, total cost price = Rs 57000

    Selling price of the goods = Rs 65000

    Since selling price is more than cost price, so there is a profit.

    Profit = Selling price − Total cost price

    = 65000 − 57000 = Rs 8000

    ∴ Abraham made a profit of Rs 8000 in this transaction.

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    स्रोत : byjus.com

    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000 , did he make a profit or a loss? How much?

    Click here👆to get an answer to your question ✍️ Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000 , did he make a profit or a loss? How much?

    Question

    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?

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    Abraham Bought Goods Worth Rs 50000 and Spent Rs 7000 on Transport and Octroi. If He Sold the Goods for Rs 65000, Did He Make a Profit Or a Loss? How Much?

    Abraham Bought Goods Worth Rs 50000 and Spent Rs 7000 on Transport and Octroi. If He Sold the Goods for Rs 65000, Did He Make a Profit Or a Loss? How Much?

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    Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?

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    SOLUTION

    Cost price of the goods = Rs 50000

    Money spent on transport and octroi = Rs 7000

    Total expenses while buying goods = cost of goods + money spent on transport and octroi

    = 50000 + 7000 = Rs 57000

    That is, total cost price = Rs 57000

    Selling price of the goods = Rs 65000

    Since selling price is more than cost price, so there is a profit.

    Profit = Selling price − Total cost price

    = 65000 − 57000 = Rs 8000

    ∴ Abraham made a profit of Rs 8000 in this transaction.

    Concept: Concepts of Cost Price, Selling Price, Total Cost Price, and Profit and Loss, Discount, Overhead Expenses and GST

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    Chapter 13: Profit – Loss - Practice Set 32 [Page 69]

    Q 2 Q 1 Q 3

    APPEARS IN

    Balbharati Mathematics 6th Standard Maharashtra State Board

    Chapter 13 Profit – Loss

    Practice Set 32 | Q 2 | Page 69

    VIDEO TUTORIALS

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    Video Tutorials For All Subjects

    Concepts of Cost Price, Selling Price, Total Cost Price, and Profit and Loss, Discount, Overhead Expenses and GST

    video tutorial 00:41:14 Advertisement Remove all ads

    स्रोत : www.shaalaa.com

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