Question

a refrigerator bought for 12000 and sold for 13500. find profit or loss

Answer 1

In context to questions asked,

We have to determine the profit and loss.

As per questions,

We have,

CP = Rs 12000

SP = Rs 13500

As the value of SP is greater than the value of CP,

So, there will be profit in that case, as the sellers gets more money on selling as compared to the money on which he bought.

So, for determining the value of profit we will subtract CP from SP.

Thus we will get Profit as,

$13500 - 12000 = 1500 \: rupee$

Hence, he will get Rs 1500 as profit.