Question

Mihir bought a transistor for Rs 12000/- and sold it for Rs 13,500/- . Find its profit and profit percent (%) ?

Answer 1

CP= Rs 12000

SP= Rs 13500

Profit=SP-CP

Profit= 13500-12000

Profit= Rs 1500

profit percent=profit/CPx100

profit percent =1500/12000x100

profit percent=50/4 =25/2

profit percent=12.5% Ans

Answer 2

GIVEN:

• Cost price(C.P.) = Rs. 12000
• Selling price(S.P.) = Rs.13500

TO FIND:

• What is the profit and profit % of the transistor ?

SOLUTION:

Mihir bought a transistor for Rs 12000 and sold it for Rs 13500.

● We have to find the gain or profit of the Transistor

We know that the formula for finding the gain or profit is:-

$\bf{\star \: Profit \:or\: gain = S.P. - C.P. \: \star }$

According to question:-

$\sf{\mapsto Profit = 13500 - 12000 }$

$\bf{\mapsto\: \star \: Profit = Rs. 1500 \: \star }$

❛ Profit or gain of the transistor is Rs. 1500. ❜

Now, we have to find the Profit% of the Transistor

To find the profit % of the transistor, we use the formula:-

$\bf{\star \: Profit \% = \frac{Gain \times 100}{C.P.} \: \star }$

According to question:-

$\sf{\mapsto Profit \% = \frac{1500 \times 100}{12000}}$

$\sf{\mapsto Profit \% = \frac{150 }{12}}$

$\bf{\mapsto \: \star \: Profit \% = 12.5 \% \: \star}$

❛ Hence, the profit% of the Transistor is 12.5 % ❜

✯ Extra Information ✯

➨ Profit or gain = S.P. - C.P.

➨ Loss = C.P. - S.P.

➨ Amount = Principal + S.I.

➨ I = P $\times$ R $\times$ T/100

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