Question

Rajiv bought a horse for Rs. $20000$ and sold it for Rs. $25000$ . Check if Rajiv made profit or loss in this transaction. Find the profit or loss per cent.

Answer 1

cost price of horse = Rs.$20000$

selling price = Rs.$25000$

profit % = $\frac{SP-CP}{CP}\times 100=\frac{25000-20000}{20000}\times 100$

=$25\%$

since $\frac{SP-CP}{CP}$ is positive.

Rajiv made a profit of $25$%