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 ₹250 and sold for ₹ 325.

(b) A refrigerator bought ₹ 12,000 and sold at ₹13,500.

(c) A cupboard bought for ₹ 2,500 and sold at ₹ 3,000.

(d) A skirt bought for ₹250 and sold at ₹150.

Answer 1

(a) Cost price of gardening shears = ₹ 250 Selling price of gardening shears = ₹ 325

Since, S.P. > C.P., therefore here is profit.

Therefore, Profit = S.P. – C.P. = 325 – 250 = ₹ 75

Therefore, Profit = ₹ 75 and Profit% = 30%

(b) Cost price of refrigerator = ₹ 12,000 Selling price of refrigerator = ₹ 13,500

Since, S.P. > C.P., therefore here is profit.

Therefore,  Profit = S.P. – C.P. = 13500 – 12000 = ₹ 1,500

Therefore, Profit = ` 1,500 and Profit% = 12.5%

(c) Cost price of cupboard = ₹ 2,500 Selling price of cupboard = ₹ 3,000

Since, S.P. > C.P., therefore here is profit.

Therefore,  Profit = S.P. – C.P. = 3,000 – 2,500 =₹ 500

Therefore, Profit = ` 500 and Profit% = 20%

(d) Cost price of skirt = ₹ 250

Selling price of skirt =₹ 150

Since, C.P. > S.P.,

therefore here is loss.

Therefore  Loss = C.P. – S.P. = 250 – 150 = ₹ 100

Therefore, Profit = ` 100 and Profit% = 40%