Answer:
1. **Calculate the Profit**:
Profit = Selling Price - Cost Price
Given:
- Selling Price = Rs. 5940
- Cost Price = Rs. 5500
Profit = 5940 - 5500
= Rs. 440
2. **Calculate Profit Percentage**:
Profit Percentage = (Profit / Cost Price) * 100
Substitute the values:
Profit Percentage = (440 / 5500) * 100
= (0.08) * 100
= 8%
Therefore, Mr. Bakshi made a profit of 8%.
To find the profit percentage made by Mr. Bakshi, we'll use the formula for profit percentage
