Question

Tell what is the profit or loss in the following transaction. Also find profit per cent or loss per cent in the case.
A refrigerator bought for $Rs12,000$ and sold at $Rs13,500$.

Answer 1

A] CP = 12000 Rs

SP = 13500 Rs

Profit = 13500 -12000 = Rs 1500

Profit % = $\frac{Profit}{CP}\times 100=\frac{500}{2500}\times 100=20$%