Question

A shopkeeper bought a refrigerator for Rs.12000 and sold it for 13510.Find his Profit/ Loss

Answer 1

He has earn a profit of rupees 1510. we .can us eye formula profit = SP-CP

Answer 2

Cost Price (CP) =  12000 rs.
Selling Price (SP) =  13510 rs.

So, Profit = SP-CP = 13510- 12000
                   Profit   = 1510

and , Profit Percentage = Profit * 100/CP
                                      = 1510*100/12000
                                      = 151000/12000
                                      = 12.5%

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