Question

4. Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case .
each case.
(a) Gardening shears bought for 2 250 and sold for 325. approfit = 3
(b) A refrigerator bought for 3 12,000 and sold for 7 13,500. Profit
(c) A cupboard bought for 2,500 and sold for 3,000.
(d) A skirt bought for 250 and sold for 150.​

Answer 1

Answer:

Profit is the positive gain remaining for a business after all costs and expenses have been deducted from total sales.

And Loss is the negative gain remaining for a business after all costs and expenses have been deducted from total sales.

Step-by-step explanation:

Profit percent or loss percent in each case:

a) Gardening Shears bought for 2250 and sold for 325, so this will be loss because selling price was lower than buying price of the trader, which will be 1,925 of loss,

Loss% = 100 × loss/cost price

= 100 × 1925/2250

= 100 × 1.168

= 116.8

so, the loss percent will be 116%

b) Bought for: 312,000, and sold for 713,500

So, this will be profit because selling price was higher than buying price of the trader, which will be 410,500 of profit

Profit % = 100 × profit/cost price

= 100 × 410,500/312,000

= 100 × 1.31

= 131.36

so, the profit percent will be 131%

c) Bought for 2500, sold for 3000

ak, this will be profit because selling price is higher than buying price of the trader, which will be 500,

Profit % = 100 × profit/cost price

= 100 × 500/2500

= 100 × 0.2

= 20

so, the profit percent will be 20%.

Thankyou.