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
Cost price =Rs. 12000
Selling price =Rs. 13,500
Profit =13500−12000=Rs. 1500
Profit%=profitCP×100
Profit%=150012000×100
=12.5%