Question

Tell what is the profit or loss in the following transactions. Also find profit

percent or loss percent in each case.

(a) Gardening shears bought for Rs 250 and sold for Rs 325.

(b) A refrigerator bought for Rs 12,000 and sold at Rs 13,500.

(c) A cupboard bought for Rs 2,500 and sold at Rs 3,000.

(d) A skirt bought for Rs 250 and sold at Rs 150.

Answer 1

(a) Cost price = Rs 250

Selling price = Rs 325

Profit = 325 − 250 = Rs 75

== 30%

(b) Cost price = Rs 12000

Selling price = Rs 13,500

Profit = 13500 − 12000 = Rs 1500

Profit % = = 12.5%

(c) Cost price = Rs 2500

Selling price = Rs 3000

Profit = 3000 − 2500 = Rs 500

Profit % == 20%

(d) Cost price = Rs 250

Selling price = Rs 150

Loss = 250 − 150 = Rs 100

Loss % = = 40%