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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

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Solution

Cost price =Rs. 12000

Selling price =Rs. 13,500

Profit =1350012000=Rs. 1500

Profit%=profitCP×100

Profit%=150012000×100

=12.5%


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