Question

Tell what is the profit or loss in the following transactions. Also
(a) A refrigerator bought for Rs. 15,000 and sold at Rs 16,500.
(b) Gardening shears bought for Rs 500 and sold for Rs. 625.
(c) A skirt bought for Rs 250 and sold at Rs 150.
(d) A cupboard bought for Rs 2,500 and sold at Rs 2,000.​

Answer 1

(a) Profit = Rs.1500

(b) Profit = Rs.125

(c) Loss = Rs.100

(d) Loss = Rs.500

Question :-

What is the profit or loss in the following transactions :-

(a)Given :-

(a) A refrigerator bought for Rs.15,000 and sold at Rs.16,500.

The given transaction can be justified as profit transaction.

Formula Applied :-

$profit = selling \: price - cost \: price$

Solution :-

$profit = 16500 - 15000 \\ profit = 1500$

(b)Given :-

(b) Gardening shears bought for Rs.500 and sold for Rs.625.

The above transaction can be justified as profit transaction.

Formula Applied :-

$profit = selling \: price - cost \: price$

Solution :-

$profit = 625 - 500 \\ profit = 125$

(c)Given :-

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

The above transaction can be justified as loss transaction.

Formula Applied :-

$loss = cost \: price - selling \: price$

Solution :-

$loss = 150 - 250 \\ loss = 100$

(d)Given :-

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

The above transaction can be justified as loss transaction.

Formula Applied :-

$loss = cost \: price - selling \: price$

Solution :-

$loss = 2500 - 2000 \\ loss = 500$

Explore More :-

What is profit ?

In any of the transactions the amount of money gained by the person more than it's actual price is called profit.

What is loss ?

In any of the transactions the amount of money losses by the person lower than the product's actual price is called loss.

How to calculate profit ?

We can calculate the profit by reducing the actual price From the selling price

Profit = Selling price - Cost price

How to calculate the loss ?

We can calculate the loss by reducing the sold price of the product from it's Actual price.

Loss = Cost price - Selling price

Answer 2

Ur answe belongs here

Subtract it Bigger no subtract Smaller

How To Find Is =

A) Profit (15000 - 16500 = -1,500 )

B) Profit ( 625 - 500 = 125)

C) Loss ( 250 - 150 = 100)

D) Loss ( 2500 - 2000 = 500 )

Hope It Helps Uh✌

Answered By ♥️varnikakhandelwal300 ♥️