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Question

Tell what is the profit or loss in the following transactions. Also, find profit percent or loss percent.
A refrigerator bought for Rs. 12,000 and sold at Rs. 13,500

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Solution

Cost price of refrigerator =Rs.12,000

The selling price of refrigerator =Rs.13,500

Since, S.P > C.P, therefore in this case profit will happen.

Profit = S.P C.P

=1350012000

=Rs. 1,500

Now, Profit %=ProfitC.P×100%

=150012000×100%

=12.5%

Therefore, Profit =Rs. 1500 and Profit %=12.5%


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