Question

c) State whether each of the following transactions is profit or loss. Also find percent profit or percent
loss in each case:
(i) Gardening shears bought for 250 and sold for 325.

(ii) A shirt bought for 250 and sold at * 150.
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Answer 1

Answer:

I) profit

2) loss.

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Answer 2

Answer:

1. gain

= sp -cp

= 325 -250

= 70

gain ./. = gain ×100/cp

=70 × 100/250

= 28 percent

2. loss = cp +sp

250 + 150

= 400

loss percent = 400 × 100/250

= 1600 percent or 16 percent