Question

EXERCISE 8.3
Tell what is the profit or loss in the
loss per cent in each case following transactions. Also find profit per cent or
Gardening shears bought for 250 and sold for 325.
A refrigerater bought for 12,000 and sold at 13,500.
(c) A cupboard bought for 2,500 and sold at 33,000.
(d) A skirt bought for 250 and sold at * 150.
(b) A refriger​

Answer 1

Answer:

Step-by-step :

Terms

Cost price (how much they paid)

Selling price (how much it was sold for)

Profit ( money gained after selling)

Loss (less money made after selling)

P% (profit percent)

L% (Loss percent)

Gardening shears bought for 250 and sold for 325

CP = 250

SP = 325

Subtract 250 from 325

325

-250

=75

P= 75

P% = P ÷ CP × 100

=75 ÷ 250 × 100

=0.3 × 100

P% = 30%

Refrigerator bought for 12,000 and sold for 13,500

CP = 12000

SP = 13500

Subtract 12000 from 13500

P = 1500

P% = 1500 ÷ 12000 × 100

= 0.125 × 100

= 12.5%

Cupboard bought for 2500 and sold for 33000

CP = 2500

SP = 33000

Subtract 2500 from 33000

30500 - 2500

P = 30500

P% = 30500÷ 2500 × 100

=12.2 × 100

P% = 1220

Skirt bought for 250 and sold by 150

CP = 250

SP=150

Subtract 150 from 250

L = 100

L%= 100 ÷ 250 × 100

= 0.4 ÷ 100

= 40%