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 INR $250$ and sold for INR $325$.

Answer 1

As the cost price is less than the selling price, it is a profit.
Profit = S.P. - C.P. = Rs. 325 - Rs. 250 = Rs. 75
Profit percent = $\frac{\text{Profit}}{\text{C.P.}}\times 100\%=\frac{75}{250}\times 100\%=30\%$