Magansheth bought 15 toys for Rs 20 each. He sold them all for Rs 345. Did he make a profit or a loss in this transaction?

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Solution

Cost price of 1 toy = Rs 20
∴ Cost price of 15 toys = Rs 20 × 15 = Rs 300
Now, the selling price of all 15 toys = Rs 345
Here, selling price is greater than cost price.
So, he makes a profit.
Profit = SP – CP = Rs 345 – Rs 300 = Rs 45

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Magansheth bought 15 toys for Rs 20 each. He sold them all for Rs 345. Did he make a profit or a loss in this transaction?

Cost price of 1 toy = Rs 20 ∴ Cost price of 15 toys = Rs 20 × 15 = Rs 300 Now, the selling price of all 15 toys = Rs 345 Here, selling price is greater than cost price. So, he makes a profit. Profit = SP – CP = Rs 345 – Rs 300 = Rs 45

Cost price of 1 toy = Rs 20
∴ Cost price of 15 toys = Rs 20 × 15 = Rs 300
Now, the selling price of all 15 toys = Rs 345
Here, selling price is greater than cost price.
So, he makes a profit.
Profit = SP – CP = Rs 345 – Rs 300 = Rs 45