Question

A trader at Trichy buys a television for Rs. 7000 from chennai and sells it in Trichy for Rs. 7600. If his overhead expenses amount to Rs. 1000; find his profit or loss in this transaction and express it as percent.

• A. 1%
• B. 3%
• C. 5%
• D. 7%

Answer 1

Answer: (C)

5%

Total C.P. of the television for trader = Rs. 7000 + Rs. 1000 = Rs.8000
Given, S.P. = Rs. 7600; [which is less than total cost price]
Therefore, loss = Rs. 8000 - Rs. 7600 = Rs. 400
Also, loss% = $\frac{loss}{totalC.P.}\times 100$%
= $\frac{400}{8000}\times 100=5$%