Rajesh purchased a machine for ₹5,000 and paid ₹250 for its transportation. If he sells the machine for ₹5,075, what is his percentage profit or loss? (Correct to two decimal places)
Answer & explanation
Correct answer: option 3
CP of machine = Rs. 5,000
Transportation cost = Rs. 250
SP = Rs. 5,075
Ratio to C.P. to S.P.
5250 : 5075
30 : 29 = 1 loss
Loss% = \(\frac{1}{30}\) × 100 = 3.33%