Question

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

Answer 1

Cost price $C.P.=Rs.12000$

Selling price $S.P.=Rs.13500$

We need to find the profit and profit percent.

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

Profit $=S.P-C.P$

$=13500-12000$

Profit $=Rs.1500$

Therefore profit percent $=\frac{1500\times 100}{12000}=12.5\%$