Question

10. A dealer buys a washing machine for * 12,500 and sells it for
*13,500. Find his profit and profit percentage.​

Answer 1

Step-by-step explanation:

Cost Price = Rs. 250 and Selling Price = Rs. 325

Profit = SP – CP

=325–250=Rs.75

Percentage profit:

=

Profit×100

CP

=

75×100

250

=30%

Answer 2

➤ Given :-

Cost price of washing machine :- ₹ 12500

Selling price of washing machine :- ₹ 13500

➤ To Find :-

Profit and profit percentage of the washing machine

➤ Formula required :-

Profit :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{SP - CP}}}}$

Profit percentage :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{Profit}{Cost \: price} \times 100}}}}$

➤ Solution :-

First, we should find the profit of the washing machine in numerical form by using the first formula and then we should find the profit percentage

Profit :-

${\tt \longrightarrow 13500 - 12500}$

${\tt \longrightarrow Rs \: \: 1000}$

Profit percentage :-

${\tt \longrightarrow \dfrac{1000}{12500} \times 100}$

${\tt \longrightarrow \dfrac{1000}{\cancel{12500}} \times \cancel{100} = \dfrac{1000}{125} \times 1}$

${\tt \longrightarrow \dfrac{1000 \times 1}{125} = \dfrac{1000}{125}}$

${\tt \longrightarrow \cancel \dfrac{1000}{125} = \boxed{\tt8 \bf\%}}$

$\Huge\therefore$ The profit of the washing machine is ₹ 1000 and the profit percentage is 8 ${\bf\%}$.

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$\dashrightarrow$ Some related formulas :-

Loss :- ${\boxed{\tt CP-SP}}$

Loss percentage :- ${\boxed{\tt\dfrac{Loss}{CP} \times 100}}$

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More to know :-

• Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The loss is obtained when the cost price is greater than selling price. The profit and loss can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the loss to percentage form, first we should divide the loss and cost price and then multiply by 100.