Question

A washing machine was bought for Rs.13760 & sold at a gain of 12½% . How much did the seller receive?​

Answer 1

Answer:

7 Mathexcellup logo

Comparing Quantities

Exercise 8.3

Question 1: Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case.

(a) Gardening shears bought for Rs. 250 and sold for Rs. 325.

Answer: Cost Price = Rs. 250 and Selling Price = Rs. 325

Profit = SP – CP

=

325

–

250

=

R

s

.

75

Percentage profit:

=

Profit

×

100

C

P

=

75

×

100

250

=

30

%

(b) A refrigerator bought for Rs. 12,000 and sold at Rs. 13,500.

Answer: CP = Rs. 12000 and SP = Rs. 13500

Profit = SP – CP

=

13500

–

12000

=

R

s

.

1500

Percentage profit

=

Profit

×

100

C

P

=

1500

×

100

12000

=

12.5

%