Question

Tell what is the profit or loss in the following transactions. Also, find the profit percent or loss percent in each case.

A refrigerator was bought for $Rs.12,000$ and sold at $Rs.13,500$

Answer 1

Cost price $=Rs.12000$

Selling price $=Rs.13,500$

Profit $=13500-12000=Rs.1500$

Profit$\%=\frac{profit}{CP}\times 100$

Profit$\%=\frac{1500}{12000}\times 100$

$=12.5\%$