Question

A garment dealer buys for Rs.10,000 and spend Rs.800 on freight. He seeks the entire stock for Rs.12,960. Find his loss/profit percentage

Answer 1

Answer:

Profit percentage$=20\%$.

Step-by-step explanation:

Given: A garment dealer buys goods for  $\text{Rs.}\:10,000$ and spend $\text{Rs.}\:800$ on freight. He seeks the entire stock for $\text{Rs.}\:12,960$.

To find:  His loss/profit percentage.

Solution:

We have,

Cost price of goods $=\text{Rs.}\:10,000$

Spent on freight $=\text{Rs.}\:800$

So, total cost of goods$=\text{Rs.}\:10000+\text{Rs.}\:800=\text{Rs.}\:10,800$

Selling price of entire stock $=\text{Rs.}\: 12,960.$

Now, Profit $=\text{Selling price}-\text{Cost price}$

So, Profit $=\text{Rs.}\:12, 960-\text{Rs.}\:10,800=\text{Rs.}\:2160$

Now,

$\text{Profit\:\%}= \frac{\text{Profit}}{\text{Cost price}} \times 100\%$

$\implies\text{Profit\:\%}= \frac{2160}{\text{10,800}} \times 100\%$

$\implies\text{Profit\:\%}= \frac{2160}{108}\%$

$\implies\text{Profit\:\%}= 20\%$

Hence, profit percentage $=20\%$.