A cupboard was bought for Rs. $2000$ and sold for Rs. $2500$ . Find the profit or loss percent.

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Solution

Here, the cost price is less than the selling price, so there will be profit.

$C . P = 20, 000.$

$S . P = 2500$

Profit $= S P - C P = 500$

% Profit $= \frac{500}{2000} \times 100 = 25$ %

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A cupboard was bought for Rs.2000 and sold for Rs. 2500. Find the profit or loss percent.

Here, the cost price is less than the selling price, so there will be profit.C.P=20,000.S.P=2500Profit=SP−CP=500% Profit =5002000×100=25 %

A cupboard was bought for Rs. $2000$ and sold for Rs. $2500$ . Find the profit or loss percent.

Here, the cost price is less than the selling price, so there will be profit.

$C . P = 20, 000.$

$S . P = 2500$

Profit $= S P - C P = 500$

% Profit $= \frac{500}{2000} \times 100 = 25$ %