Question

A refrigerator was bought for rupees 12000and sold at rupees 13000 what is the profit or profit percent ​

Answer 1

Cost price= ₹12000

Selling price= ₹13000

Profit = 13000 - 12000

= ₹1000

Profit percent=

$\frac{1000}{12000} \times 100\%$

$\frac{100}{12} \%$

$8.33\%$

Answer 2

Answer :-

• The profit is Rs 1000.
• The profit percent is 8.3%

Given :-

• A refrigerator was bought for Rs 12000.
• It was sold at Rs 13000.

To find :-

• The profit and profit percent.

Step-by-step explanation :-

• In this question, the cost price and selling price of a refrigerator has been given to us. We have to find it's profit and profit percent.

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To find the profit percent, we first have to find the profit.

We know that :-

$\underline{ \boxed{\sf Profit = Selling \: Price - Cost \: Price}}$

Here,

• Selling price = Rs 13000.
• Cost price = Rs 12000.

Hence,

$\underline{\underline{\mathfrak{Substituting \: the \: given \: values,}}}$

$\boxed{ \bf Profit = 13000 - 12000}$

$\overline{\boxed{\bf Profit = Rs \: 1000}}$

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Now, since we know the profit, therefore let's find the profit percent!

We know that :-

$\underline{\boxed{ \sf Profit \: \% = \dfrac{Profit}{Cost \: Price} \times 100}}$

Here,

• Profit = Rs 1000.
• Cost price = Rs 12000.

Hence,

$\underline{\underline{\mathfrak{Substituting \: the \: given \: values,}}}$

$\tt Profit \: \% = \dfrac{1 \!\!\!\not0 \!\!\!\not0 \!\!\!\not0}{12 \!\!\!\not0 \!\!\!\not0 \!\!\!\not0} \times 100$

Cutting off the zeroes,

$\tt Profit \: \% = \dfrac{1}{12} \times 100$

Reducing the numbers,

$\tt Profit \: \% = \dfrac{1}{3} \times 25$

Multiplying the remaining numbers,

$\tt Profit \: \% = \dfrac{25}{3}$

Dividing 25 by 3,

$\overline{\boxed{ \tt Profit \: \% = 8.3\%}}$

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• Hence, the profit percent is 8.3%