Question

Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in the case.
Gardening shears bought for $Rs.250$ and sold for $Rs.325$

Answer 1

Cost price $C.P.=RS.250$

Selling price $S.P.=Rs.325$

We need to find the profit and profit percent.

Profit percent $=\frac{profit\times 100}{C.P.}$

Profit $=S.P-C.P$

$=325-250$

Profit $=Rs.75$

Therefore profit percent $=\frac{75\times 100}{250}=30\%$