Question

A cupboard bought for ₹ 2,500 and sold at ₹ 3,000.

Answer 1

Given :-

• Cost Price = ₹2,500
• Selling Price = ₹3,000

To Find :-

Amount of Profit/Loss in the transaction and Percentage of Profit/Loss.

Solution :-

Selling Price is more than the cost price.Hence,it is a profit transaction.

Amount of profit = ₹3,000 - ₹2,500 = ₹500.

% of Profit = Profit/Loss/cost Price × 100

% Of Profit = 500/2,500 × 100 = 20%

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