EXERCISE 8.3
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 3 250 and sold for? 325.
(A refrigerater bought for 12,000 and sold at 5 13,500.
(c) A cupboard bought for 2,500 and sold at 73,000.-(A
(a) Askirt bought for 250 and sold at 150.
C1
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1
Answer:
a) cost price = 250, sale price = 325
sale price > cost price so there is profit
profit = cost price - sale price
= 325 - 250
= 75.
b) profit = 13500 - 12000 = 1500
c) profit = 3000 - 2500 = 500
d) sale price < cost price so there is loss
loss = cost price -sale price
= 250 - 150
= 100
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