Question

3. Tell what is profit or loss in the following transactions. Also find profit percent or
loss percent in each case:
(1) Gardening shears bought for 250 and sold for 325.
(ii) A shirt bought for 250 and sold at 150.
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Answer 1

Answer:

1= Profit=75, Profit %= 30%

2=Loss=100, Loss %= 40%

Step-by-step explanation:

1) SP= 325

CP=250

Profit= SP- CP=325-250=75

Profit%= 75/250*100=30%

2)SP=150

CP=250

Loss=CP-SP=250-150=100

Loss%= 100/250*100= 40%