EXERCISE 8.3
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 250 and sold for 325.
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Step-by-step explanation:
there is a profit because sp > cp
profit=sp - cp
=325-250
= ₹ 75
profit %= profit/100×sp
=₹75/100×325
=975/4%
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