Question

Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in each case.

(a) Gardening shears bought for Rs. 250 and sold for Rs. 325.

(b) A refrigerator bought for Rs. 12,000 and sold at Rs. 13,500.

(c) A cupboard bought for Rs. 2,500 and sold at Rs. 3,000.

(d) A skirt bought for Rs. 250 and sold at Rs. 150.​

Answer 1

Answer:-

(a) According to the statement,

Cost price = Rs 250

Selling price = Rs 325

So, Profit = Selling Price - Cost Price 325 − 250 = Rs 75

Now, Profit % = (Profit/Cost Price) × 100 = 75/250 × 100 = 30%

(b) According to the statement,

Cost price = Rs 12000

Selling price = Rs 13,500

So, Profit = 13500 − 12000 = Rs 1500

Now, Profit % = (Profit/Cost Price) × 100 = (500/2500) × 100 = 20%

(d) According to the statement,

Cost price = Rs 250

Selling price = Rs 150

So, loss = 250 − 150 = Rs 100

Now, loss % = (Loss/CP) × 100 = (100/250) × 100 = 40%

Answer 2

Answer:

(a) According to the statement,

Cost price = Rs 250

Selling price = Rs 325

So, Profit = Selling Price - Cost Price 325 − 250 = Rs 75

Now, Profit % = (Profit/Cost Price) × 100 = 75/250 × 100 = 30%

(b) According to the statement,

Cost price = Rs 12000

Selling price = Rs 13,500

So, Profit = 13500 − 12000 = Rs 1500

Now, Profit % = (Profit/Cost Price) × 100 = (500/2500) × 100 = 20%

(d) According to the statement,

Cost price = Rs 250

Selling price = Rs 150

So, loss = 250 − 150 = Rs 100

Now, loss % = (Loss/CP) × 100 = (100/250) × 100 = 40%

Step-by-step explanation: