Profit or Loss Calculation in a Business Transaction
Understanding Profit and Loss Calculation
In a business transaction, it is important to calculate the profit or loss made to determine the success of the venture. This calculation involves comparing the cost price with the selling price of the items bought and sold.
Scenario
A person bought 20 dozens of copies at Rs. 240 per dozen and sold them at Rs. 30 each. Now, we need to calculate the profit or loss made on these transactions.
Calculation
Cost Price of 20 dozens of copies: 20 x 240 = Rs. 4800
Selling Price of 20 dozens of copies: 20 x 12 x 30 = Rs. 7200
Profit or Loss: 7200 - 4800 = Rs. 2400
Conclusion
Based on the calculation, the person made a profit of Rs. 2400 on the transactions involving the copies. This indicates a successful business transaction where the selling price exceeded the cost price.
a person bought 20 dozens of copies at rs. 240 per dozen and sold at rs. 30 each. find the profit or loss made on the transactions 20 x 240 = 4800 20 x 12 x 30 = 7200 7200 - 4800 = 2400 answer is 2400