Question

Sekar buys some electronic goods from a wholesaler for Rs. 2500 and spends Rs. 1000 on its transportation's, etc. If he sells these electronic goods for Rs. 4000; find the profit or loss made by him and express it as percent.

• A. 11.28%
• B. 14.28%
• C. 15.28%
• D. 13.28%

Answer 1

Answer: (B)

14.28%

The total cost price of electronic goods for Sekar = Rs. 2500 + Rs. 1000 = Rs. 3500
Given, selling price = Rs. 4000; [which is more than total C.P.]
Therefore, profit = Rs. 4000 - Rs. 3500 = Rs. 500
Also, profit% = $\frac{profit}{totalCP}\times 100$%
= $\frac{500}{3500}\times 100=14.28$%