Question

A refrigerator bought for ₹12,000 and sold for ₹ 13,500 also find profit percent or loss percent in each case​

Answer 1

COST PRICE =12000
SELLING PRICE =13500

SP IS GREATER THAN CP
SO IT IS PROFIT

PROFIT%=PROFIT/CP *100
=1500/12000*100
=12.5%

Answer 2

Answer:

Cost price of refrigerator =Rs.12000

Selling price of refrigerator =Rs.13500

Therefore,

Profit = Selling price − Cost price

∴ Profit =13500−12000=Rs.1500

Now as we know that,

Profit %=

C.P.

profit

×100

∴ Profit %=

12000

1500

×100=12.5%

Hence the profit % is 12.5%.