Since SP > CP, we have profit. Profit = SP - CP = 265 - 250 = ₹ 15
Profit %=ProfitCP×100 Profit %=15250×100 =6%
A cupboard bought for ₹ 2,500 and sold at ₹ 3,000. What is the profit or loss in the transaction? Also, find the profit percent or loss percent if it was sold for ₹ 2000. [4 MARKS]