II. Mr. Roy sold a cupboard to Mohan for RO 60 and earned a profit of RO 10. Mohan spent RO 27 to polish and repair the cupboard. He then sold it to Gopi at a profit of RO 8. After using the cupboard for a year , Gopi sold it to a furniture dealer for RO 90. Did Gopi make a profit or a loss in the deal? *

Respuesta :

Answer:

Gopi made a loss in the deal

Step-by-step explanation:

To solve this question, we'll analyse each statement in the question one after the other.

From Roy to Mohan,

[tex]Selling\ Price = Ro.\ 60[/tex]

The profit of [tex]Ro.\ 10[/tex] goes to Roy

Mohan spent [tex]Ro. 27[/tex] on polish and repairs.

So, the cost price of the cupboard becomes

[tex]Cost\ Price = Ro.60 + Ro.27[/tex]

[tex]Cost\ Price = Ro.87[/tex]

He sells at a profit of [tex]Ro.8[/tex]. to Gopi

So, the selling price is:

[tex]Selling\ Price = Ro.8 + Ro.87[/tex]

[tex]Selling\ Price = Ro.95[/tex]

At this stage, the cost price of the cupboard to Gopi is:

[tex]Cost\ Price = Ro.95[/tex]

and

[tex]Selling\ Price = Ro.90[/tex]

Profit is calculated as:

[tex]Profit = Selling\ Price - Cost\ Price[/tex]

[tex]Profit = Ro.90 - Ro.95[/tex]

[tex]Profit =- Ro.5[/tex]

Because; the profit is negative, then it is a loss.

[tex]Loss = Ro.5[/tex]

Gopi made a loss in the deal

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