Question

19. Rashmika bought a second hand T.V. for Rs. 6,000 and she spent Rs. 1500 on its repair. She sold it for Rs. 5,500. Find her profit or loss.​

Answer 1

2,000 loss

Explanation:

Total Revenue - Total Expenses = Profit

Total expenses = 6,000(Original cost) + 1500(repairs) = 7,500

Total revenue = selling price = 5,500

Therefore the Profit or Loss(negative number) =

5,500 - 7,500 = -2000 or 2,000 loss

Answer 2

Cost of TV= Rs. 6000

Money spent on repair= Rs. 1500

So, money left after repair= 6000-1500= Rs. 4500

She sold it for Rs. 5,500

Therefore, Profit= 5500-4500= Rs. 1000

So profit= Rs. 1000