Bhimrao bought seeds of wheat worth ₹ 20,500 and sowed in his field. He spent ₹ 9700 on labour and , ₹ 5600 on pesticides and fertilizers. He sold the wheat produced for ₹ 28640. What was his profit or loss per cent?

Explanation

To find the profit or loss percentage for Bhimrao, we will follow these steps:

### Step 1: Calculate the Total Cost Price (CP)
The total cost price includes the cost of seeds, labor, and pesticides and fertilizers.

- Cost of seeds = ₹20,500
- Labor cost = ₹9,700
- Pesticides and fertilizers cost = ₹5,600
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