Question

tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case . (a) gardening shears bought for ₹250 and sold for ₹ 325 .​

Answer 1

Answer:

Here, CP = ₹ 250

SP = ₹ 325

Since SP > CP

∴ Profit = SP – CP

= ₹ 325 – ₹ 250 = ₹ 75

Answer 2

As per the data given in the question,

In the above question, it is given that,

The selling price is Rs.325  

The cost price is Rs.250

Here we have to find the profit or loss percent.

We have to use the formula of profit of loss,

Profit =S.P - C.P

Substituting the value in the above formula we get,

$P=325-250\\P=75$

Therefore the profit of Rs 75.

Percentage of profit =$=\frac{Profit\times 100}{CP}$

Profit %

$=\frac{75\times 100}{250} \\=30\%$

Hence the profit is 30%.