Question

Tell what is the profit or loss in the following transaction .also find profit percentage or loss percentage in each case
1) Gardening shears bought for₹250 and sold for ₹325
2)A refrigerator bought for₹12,000 and sold for ₹13,500
3) A cupboard bought for₹2,500 and sold for ₹3,000
4) A skirt bought for ₹250 and sold for ₹150

Answer 1

1= 325-250 = 75 is a profit. 75 divide by 25 multiple by 100= 30percent

Answer 2

$\huge\sf{Solution}$

1)From the question, it is given that

Cost price of gardening shears = ₹ 250

Selling price of gardening shears = ₹ 325

Since (SP) > (CP), so there is a profit

Profit = (SP) – (CP)

= ₹ (325 – 250)

= ₹ 75

Profit % = {(Profit/CP) × 100}

= {(75/250) × 100}

= {7500/250}

= 750/25

= 30%

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2) Cost price of refrigerator = ₹ 12000

Selling price of refrigerator = ₹ 13500

Since (SP) > (CP), so there is a profit

Profit = (SP) – (CP)

= ₹ (13500 – 12000)

= ₹ 1500

Profit % = {(Profit/CP) × 100}

= {(1500/12000) × 100}

= {150000/12000}

= 150/12

= 12.5%

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3) Cost price of cupboard = ₹ 2500

Selling price of cupboard = ₹ 3000

Since (SP) > (CP), so there is a profit

Profit = (SP) – (CP)

= ₹ (3000 – 2500)

= ₹ 500

Profit % = {(Profit/CP) × 100}

= {(500/2500) × 100}

= {50000/2500}

= 500/25

= 20%

_________________________

4) Since (SP) < (CP), so there is a loss

Loss = (CP) – (SP)

= ₹ (250 – 150)

= ₹ 100

Loss % = {(Loss/CP) × 100}

= {(100/250) × 100}

= {10000/250}

= 40%