A cupboard bought for Rs 2,500 and sold at Rs 3,000. Tell what is the profit or loss in the transaction. Also find the profit percent or loss percent.
[4 MARKS]

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Solution

Concept : 1 Mark
Application : 1 Mark
Calculation : 2 Marks

Given that,

Cost price = Rs 2500

Selling price = Rs 3000

Selling price > Cost price $\Rightarrow$ Profit

$∴$ Profit = 3000 - 2500 = Rs 500

$P r o f i t % = \frac{P r o f i t}{C P} \times 100$

$P r o f i t % = \frac{500}{2500} \times 100$

$P r o f i t % = 20 %$

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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.
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A cupboard bought for Rs 2,500 and sold at Rs 3,000. Tell what is the profit or loss in the transaction. Also find the profit percent or loss percent. [4 MARKS]

Concept : 1 Mark Application : 1 Mark Calculation : 2 Marks Given that, Cost price = Rs 2500 Selling price = Rs 3000 Selling price > Cost price ⇒ Profit ∴ Profit = 3000 - 2500 = Rs 500 Profit %=ProfitCP×100 Profit %=5002500×100 Profit %=20%

A cupboard bought for Rs 2,500 and sold at Rs 3,000. Tell what is the profit or loss in the transaction. Also find the profit percent or loss percent.
[4 MARKS]