tell what is profit or loss in the following transaction.Also find
profit percent it loss percent in each case :
(I) Gardening shears bought for rupees 250 and sold for rupees 325
(ii) A shirt bought for rupees 250 and sold for rupees 150
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Step-by-step explanation:
1. As the cost price is less than the selling price, it is a profit.
Profit = S.P. - C.P. = Rs. 325 - Rs. 250 = Rs. 75
Profit percent =
C.P.
Profit
×100%=
250
75
×100%=30%
2.C.P. of a shirt =Rs.250 and S.P. =Rs.150
Loss=C.P.−S.P.=Rs.250−Rs.150=Rs.100
Loss=
C.P.
Loss×100
=
250
100×100
=40%
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