salman purchased 8 wood panels for rupees 1500 each for transporting them to his shop he had to spend rupees 800 he then gave the panels a veneer which cost him rupees 8000 he sold 4 panels for rupees 3200 each calculate his total profit or loss percentage
To calculate Salman's total profit or loss percentage, we need to find his total cost and total selling price.
1. Total cost
The total cost includes the cost of purchasing the wood panels, the transportation expenses, and the cost of veneer.
Cost of purchasing 8 wood panels = 8 * 1500 = 12000 rupees
Transportation expenses = 800 rupees
Cost of veneer = 8000 rupees
Total cost = Cost of purchasing + Transportation expenses + Cost of veneer
= 12000 + 800 + 8000
= 20800 rupees
2. Total selling price
Salman sold 4 panels for 3200 rupees each.
Total selling price = Number of panels sold * Selling price per panel
= 4 * 3200
= 12800 rupees
Now, we can calculate the profit or loss and the profit or loss percentage.
Profit or Loss = Total Selling Price - Total Cost
= 12800 - 20800
= -8000 rupees
Profit or Loss Percentage = (Profit or Loss / Total Cost) * 100
= (-8000 / 20800) * 100
≈ -38.46%
Therefore, Salman incurred a loss of approximately 38.46%.