Question

Aman bought a bike for $Rs50000$ and paid $Rs1000$ as transportation charges. He sold for $Rs55000$. Find profit or loss

Answer 1

As it is given that Aman bought a bike for $Rs50000$ and paid $Rs1000$

Total Cost price of Bike = $Rs(50000+1000)=Rs51000$

And given us that he sold bike at $Rs55000$ i.e Selling Price

As Selling price is Greater than Cost price So it is Profit

Hence profit = $Sellingprice(S.P)-Costprice(C.P)$

$=55000-51000=4000Rs$

Hence Aman had Profit of $Rs4000$