Question

A refrigerator bought for Rs 12000 and sold for 13500. Find profit percentage or loss percentage.​

Answer 1

$\blue{☆ \: Question :}$

• A refrigerator is bought for Rs. 12000 and sold for Rs. 13500. Find the profit or loss percentage.

$\blue{☆ \: Answer :}$

• Profit percentage = 12.5 %

$\blue{☆ \: Explanation :}$

Given :

• Cost price of refrigerator = Rs. 12000

• Selling price of refrigerator = Rs. 13500

To Find :

• Profit or loss percentage?

Solution :

• S.P. > C.P.

So, there is a profit.

⟹ Profit = S.P. - C.P.

⟹ Profit = 13500 - 12000

⟹ Profit = Rs.1500

For Finding Profit % ,

$Profit \: \% \: = \frac{Profit}{C.P.} \times 100$

$\implies \: Profit \: \% \: = \frac{1500}{12000} \times 100$

$\implies \: Profit \: \% \: = \cancel \frac{1500}{12000} \times 100$

$\implies \: Profit \: \% \: = \frac{1}{8} \times 100$

$\implies \: Profit \:\% \: = \: \frac{25}{2}$

$\implies \: Profit \: \% \: = 12.5\%$

Therefore,

Profit % = 12.5 %