Question

A TV and Washing machine were purchased for Rs 15000 each. If together, they are sold at Rs 35000, What is Profit and Profit%

Answer 1

Given:

A TV and Washing machine were purchased for Rs 15000 each.

Together, they are sold at Rs 35000.

To find:

The profit and profit%.

Solution:

A TV and Washing machine were purchased for Rs 15000 each. So, the total cost price is

$C.P.=15000+15000$

$C.P.=30000$

Together, they are sold at Rs 35000. So, the selling price S.P. is 35000.

Now,

$Profit=S.P.-C.P.$

$Profit=35000-30000$

$Profit=5000$

And,

$Profit\%=\dfrac{Profit}{C.P.}\times 100$

$Profit\%=\dfrac{5000}{30000}\times 100$

$Profit\%=\dfrac{50}{3}$

$Profit\%\approx 16.67$

Therefore, the profit is Rs. 5000 and the profit percent is 16.67%.