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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.

Grade:12

1 Answers

Harshit Singh
askIITians Faculty 5969 Points
10 months ago
Dear Student

From the question, it is given that
Cost price of refrigerator =₹12000
Selling price of refrigerator =₹13500
Since (SP) > (CP), so there is a profit Profit = (SP)–(CP)
=₹(13500 - 12000)
= ₹1500
Profit % = {(Profit/CP) × 100}
= {(1500/12000) × 100}
= {150000/12000}
= 150/12
= 12.5%

Thanks

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