Anoop buys a sofa set a cupboard and a dinnig table for rs30540.. Rs 1520 and rs14740 respectively if he sells the item for rs 24110,rs2700 and 13432 what was his percebtage gain or loss
If you want the profit/loss on the total, add up the buying costs and the selling costs.
Subtract the two and divide by the buying total
There will be a loss
To calculate the percentage gain or loss, we need to find the profit or loss made on each item and then calculate the percentage in relation to the cost price.
Step 1: Calculate the cost price of each item:
- Sofa set: Rs 30,540 - Rs 24,110 = Rs 6,430 (cost price)
- Cupboard: Rs 1,520 - Rs 2,700 = -Rs 1,180 (loss; negative value indicates a loss)
- Dining table: Rs 14,740 - Rs 13,432 = Rs 1,308 (profit)
Step 2: Calculate the total cost price and the total selling price:
- Total cost price = Rs 6,430 + (-Rs 1,180) + Rs 1,308 = Rs 6,558
- Total selling price = Rs 24,110 + Rs 2,700 + Rs 13,432 = Rs 40,242
Step 3: Calculate the profit/loss:
- Profit = Total selling price - Total cost price = Rs 40,242 - Rs 6,558 = Rs 33,684
Step 4: Calculate the percentage gain/loss:
- Percentage gain/loss = (Profit / Total cost price) * 100
- Percentage gain/loss = (33,684 / 6,558) * 100 = 513.14%
Since the percentage gain is greater than 100%, it means there is a profit. Therefore, Anoop made a percentage gain of approximately 513.14%.