Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent 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 $

To do:

We have to find the profit or loss percent in each case.

Solution:

We know that,

If CP>SP then there is a loss. Loss $=$ CP $-$ SP. Loss $ \% =\frac{CP-SP}{CP}\times100$ If SP>CP then there is a profit. Profit $=$ SP $-$ CP. Profit $ \% =\frac{SP-CP}{CP}\times100$

Therefore,

(a) $CP =Rs.\ 250$ and $SP=Rs.\ 325$

$SP>CP$, therefore, there is a profit.

Profit $ \%= \frac{325-250}{250}\times100$

$=\frac{75}{5}\times2$

$=30 \%$

(b) $CP =Rs.\ 12000$ and $SP=Rs.\ 13500$

$SP>CP$, therefore, there is a profit.

Profit $ \%= \frac{13500-12000}{12000}\times100$

$=\frac{1500}{120}$

$=12.5 \%$

(c) $CP =Rs.\ 2500$ and $SP=Rs.\ 3000$

$SP>CP$, therefore, there is a profit.

Profit $ \%= \frac{3000-2500}{2500}\times100$

$=\frac{500}{25}$

$=20 \%$

(d) $CP =Rs.\ 250$ and $SP=Rs.\ 150$

$CP>SP$, therefore, there is a loss.

Loss $ \%= \frac{250-150}{250}\times100$

$=\frac{100}{5}\times2$

$=40 \%$

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Updated on: 10-Oct-2022

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