Amit purchased 13 chair of Rs., 115 each and sold all at Rs., 1220. Then profit or Loss on transacti

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7.Profit and Loss

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Amit purchased $13$ chair of $Rs.\, 115$ each and sold all at $Rs.\, 1220.$ Then find the profit or Loss on the transaction

A

$Rs.\, 280\, Loss$

B

$Rs\,. 275\, Loss$

C

$Rs.\, 325\, Profit$

D

$Rs.\, 350\, Profit$

Solution

Total $SP$ given $=$ $Rs. 1220$ Total $CP$ of $13$ chairs $=$ Rs. $13 \times 115=$ $Rs\,. 1495$

$\Rightarrow$ Hence, $CP > SP$

$\Rightarrow \operatorname{Loss}=C P-S P=R s .1495-1220=R s .275$

Standard 13

Quantitative Aptitude

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