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Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.?
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Amit bought a table for 1200 and spent 200 on its repair. He sold it f...
Calculation of Profit or Loss Percentage
To calculate Amit's profit or loss percentage, we need to first calculate his profit or loss. We can do this by subtracting the total cost from the selling price.
Calculation of Total Cost
The total cost of the table is the sum of the purchase cost and repair cost.
Total Cost = Purchase Cost + Repair Cost
Total Cost = 1200 + 200
Total Cost = 1400
Calculation of Profit/Loss
Profit or loss is calculated by subtracting the total cost from the selling price.
Profit/Loss = Selling Price - Total Cost
Profit/Loss = 1680 - 1400
Profit/Loss = 280
As the result is positive, it means Amit made a profit.
Calculation of Profit Percentage
To calculate Amit's profit percentage, we need to divide the profit by the total cost and then multiply by 100.
Profit Percentage = (Profit/Total Cost) x 100
Profit Percentage = (280/1400) x 100
Profit Percentage = 20%
Conclusion
Amit's profit percentage is 20%. This means that he made a profit of 20% on his investment.
To calculate Amit's profit or loss percentage, we need to first calculate his profit or loss. We can do this by subtracting the total cost from the selling price.
Calculation of Total Cost
The total cost of the table is the sum of the purchase cost and repair cost.
Total Cost = Purchase Cost + Repair Cost
Total Cost = 1200 + 200
Total Cost = 1400
Calculation of Profit/Loss
Profit or loss is calculated by subtracting the total cost from the selling price.
Profit/Loss = Selling Price - Total Cost
Profit/Loss = 1680 - 1400
Profit/Loss = 280
As the result is positive, it means Amit made a profit.
Calculation of Profit Percentage
To calculate Amit's profit percentage, we need to divide the profit by the total cost and then multiply by 100.
Profit Percentage = (Profit/Total Cost) x 100
Profit Percentage = (280/1400) x 100
Profit Percentage = 20%
Conclusion
Amit's profit percentage is 20%. This means that he made a profit of 20% on his investment.
Community Answer
Amit bought a table for 1200 and spent 200 on its repair. He sold it f...
Sir I need solution how it came
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Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.?
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Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.?.
Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Amit bought a table for 1200 and spent 200 on its repair. He sold it for 1680. His profit or loss Percent is.?.
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