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Question

Rakesh purchased a TV for Rs. 5000 and paid Rs. 250 for its transportation. If he sold the TV for Rs. 5075. Find his profit or loss percentage.

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Solution

Price at wghich TV was bought = Rs.5000
Overheads in the form of transportation = Rs. 250
The total cost price of the TV = (5000 + 250) = Rs. 5250
Selling price of the TV = Rs. 5075
SP < Cp There is a loss and loss = CP - SP = 5250 - 5075 = Rs.175
loss percentage = LossCP(100)%=1755250(100)%
=103%=3.33%
Rakesh incurred a loss of 3.33%

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