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
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
=13500−12000
=Rs. 1,500
Now, Profit %=ProfitC.P×100%
=150012000×100%
=12.5%
Therefore, Profit =Rs. 1500 and Profit %=12.5%