Question

Ramesh purchased a TV for $₹4000$. He paid $₹200$ for its transportation. If he sold the TV for $₹4080$, then calculate his profit or loss percentage.

• A. loss of $2.85\%$
• B. loss of $3.33\%$
• C. profit of $2.90\%$
• D. profit of $3.5\%$

Answer 1

Answer: (A)

Price at which the TV was bought $=₹4000$
Overheads in the form of transportation $=₹200$
$\therefore$ Total cost price of the $TV=(4000+200)$ $=₹4200$
Given: Selling price of the $TV=₹4080$ $\because SP<CP\Rightarrow$ There is a loss.
The amount of loss $=CP-SP=4200-4080$ $=₹120$.
$\therefore$ Loss percentage $=\frac{\text{ Loss }}{CP}(100)\%$ $=\frac{120}{4200}(100)\%=\frac{100}{35}\%=2.85\%$.
$\therefore$ Ramesh incurred a loss of $2.85\%$.