Question

Tell what is the profit or loss in the following transactions. Also find profit percent or loss percent in each case.

1. Gardening shears bought for Rs 250 and sold for Rs 325.
2. A refrigerator bought for Rs 12,000 and sold at Rs 13,500.
3. A cupboard bought for Rs 2,500 and sold at Rs 3,000.
4. A skirt bought for Rs 250 and sold at Rs 150.

Answer 1

(a) Cost price = Rs $250$
Selling price = Rs $325$
Profit = $325 - 250$ = Rs $75$

$\text{Profit\%}=\frac{\text{Profit}}{\text{CP}}\times100$

= $\frac{75}{250}\times100$

= $30\%$

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(b) Cost price = Rs $12000$
Selling price = Rs 13,500
Profit = $13500-12000=$RS $1500$

$\text{Profit\%}=\frac{\text{Profit}}{\text{CP}}\times100$

Profit % = $\frac{1500}{12000}\times100=12.5\%$

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(c) Cost price = Rs $2500$
Selling price = Rs $3000$
Profit = $3000 - 2500$ = Rs $500$

$\text{Profit\%}=\frac{\text{Profit}}{\text{CP}}\times100$

Profit % = $\frac{500}{2500}\times100=20\%$

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(d) Cost price = Rs $250$
Selling price = Rs $150$
Loss = $250 - 150$ = Rs $100$

$\text{Loss\%}=\frac{\text{Loss}}{\text{CP}}\times100$

Loss % = $\frac{100}{250}\times 100=40\%$

Read more: Profit and Loss