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Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case. A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500. Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case. A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500.
Dear StudentFrom the question, it is given thatCost price of refrigerator =₹12000Selling price of refrigerator =₹13500Since (SP) > (CP), so there is a profit Profit = (SP)–(CP)=₹(13500 - 12000)= ₹1500Profit % = {(Profit/CP) × 100}= {(1500/12000) × 100}= {150000/12000}= 150/12= 12.5%Thanks
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