Question

Rohit bought a tape-recorder for ₹ 1,500 and sold it for ₹ 1,800. Calculate his profit or loss percent.

Answer 1

It is given that

C.P of tape-recorder = ₹ 1,500

S.P of tape-recorder = ₹ 1,800

We know that

Gain = S.P – C. P

= 1800 – 1500

= ₹ 300

Gain percent = (Gain × 100)/ C.P

Substituting the values

= (300 × 100)/ 1500

= 20%