Question

A refrigerator bought for $₹12,000$ and sold at $₹13,500$. What is the profit or loss in the following transactions? Also, find profit percent or loss percent in each case.

Answer 1

C.P. of the refrigerator $=₹12,000$

S.P. of the refrigerator $=₹13,500$

Profit on the refrigerator $=S.P-C.P$

$=13500-12000=₹1500$

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

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

$=\frac{1}{8}\times 100=12.5\%$

Hence the answer is $12.5\%$