1
what is
Gardening shears bought for Rs. 250
and sold for Rs. 325
what is profit or loss in this transaction. Also
find profit percent on
loss percent
Answers
Step-by-step explanation:
Ncert solutions
Grade 7
Mathematics
Science
Chapters in NCERT Solutions - Mathematics, Class 7
Exercises in Comparing Quantities
Question 1
Q1) Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in each case.
(a) Gardening shears bought for Rs. 250 and sold for Rs. 325.
(b) A refrigerator bought Rs. 12,000 and sold at Rs. 13,500.
(c) A cupboard bought for Rs. 2,500 and sold at Rs. 3,000.
(d) A skirt bought for Rs. 250 and sold at Rs. 150.
Solution:
(a) The cost price of gardening shears = Rs. 250
The selling price of gardening shears = Rs. 325
Since S.P. > C.P. therefore here is profit.
\therefore∴ Profit = S.P. – C.P. = 325 – 250 = Rs. 75
Now Profit% = \frac{\Pr ofit}{C.P}\times100C.PProfit×100
= \frac{75}{250}\times100=30\%25075×100=30%
Therefore, Profit = Rs. 75 and Profit% = 30%
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