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Calculating Profit and Loss Percentage

A shopkeeper ...

Question

A shopkeeper makes an annual profit of ₹ 84,000. If his monthly income is ₹30,000, what is his monthly expenditure?

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Solution

Total annual profit = ₹ 84,000
Monthly profit = 84,000 $\div$ 12 = ₹ 7,000
Monthly income = ₹ 30,000
Monthly profit = Monthly income - Monthly expenditure
Monthly expenditure = ₹ 30,000 - ₹ 7,000 = ₹ 23,000

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