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 $Rs.250$ and sold for $Rs.325$.

B) A refrigerater bought for $Rs.12,000$ and sold at $Rs.13,500$.

C) A cupboard bought for $Rs.2,500$ and sold at $Rs.3,000.$

D) A skirt bought for $Rs.250$ and sold at $Rs.150$.

Answer 1

A) C.P of gardening shears $=Rs.250$

S.P of gardening shears $=Rs.325$

Since, S.P > C.P, therefore

Profit S.P $-$ C.P $=325-250$

$=Rs.75$

$\therefore$ Profit $=\frac{\text{Profit}}{CP}\times 100\%$

$=\frac{75}{250}\times 100\%$

Profit $=30\%$

B) C.P of refrigerator $=Rs.12,000$

S.P of refrigerator $=Rs.13,500$

Since, S.P > C.P, therefore

Profit $=$ S.P$-$C.P $=13,500-12,000$

$=Rs.1,500$

$\therefore$ Profit $\%=\frac{\text{Profit}}{CP}\times 100\%$

$=\frac{1500}{13500}\times 100$

Profit $=11.11\%$

C) C.P of cupboard $=Rs.2500$

S.P of cupboard $=Rs.3000$

Since, S.P > C.P, therefore

Profit $=$ S.P$-$C.P $=3000-2500$

$=Rs.500$

$\therefore$ Profit $\%=\frac{\text{Profit}}{CP}\times 100\%$

$=\frac{500}{2500}\times 100$

Profit $=20\%$

D) C.P of a skirt $=Rs.250$

S.P of a skirt $=Rs.150$

Since, S.P > C.P , therefore

Loss $=$ C.P$-$S.P $=250-150$

$=Rs.100$

$\therefore$ Loss $\%=\frac{\text{Loss}}{CP}\times 100$

$=\frac{100}{250}\times 100$

$=40\%$

Loss $=40\%$

Hence, solved.