Question

refrigerator bought
for Rs 12000 and sold it for Rs 13500 find profit percent

Answer 1

profit = 13500-12000=1500
profit percent = 1500/12000*100=25/2%

Answer 2

The profit percentage is 12.5%.

• When an object is bought at a certain amount buy a buyer, the amount at which the object is bought is known as the cost price of the object. The amount of money at which the object is sold is called selling price of the object.
• If the selling price of the object is greater than the cost price of the object, profit is achieved and the profit is found out by subtracting the cost price of the object from the selling price of the object. Now, finding the equivalent profit when the cost price is Rs. 100 is called the profit percentage.

Here, according to the given information, we are given that,

Cost price of the refrigerator = Rs. 12000.

Selling price of the refrigerator = Rs 13500.

Then, we know that,

Profit = Selling price - Cost price = $13500- 12000 = 1500.$

Then, the profit percentage = $\frac{Profit}{Cost price} .100 = \frac{1500}{12000} .100 =$ 12.5%

Hence, the profit percentage is 12.5%.

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