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.

Answer 1

Price at wghich TV was bought = Rs.5000
Overheads in the form of transportation = Rs. 250
$\therefore$ The total cost price of the TV = (5000 + 250) = Rs. 5250
Selling price of the TV = Rs. 5075
SP < Cp $\Rightarrow$ There is a loss and loss = CP - SP = 5250 - 5075 = Rs.175
$\therefore$ loss percentage = $\frac{Loss}{CP}\left(100\right)\%=\frac{175}{5250}\left(100\right)\%$
$=\frac{10}{3}\%=3.33\%$
$\therefore$ Rakesh incurred a loss of $3.33\%$