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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 cupboard bought for ₹ 2,500 and sold at ₹ 3,000.

Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case.
 A cupboard bought for ₹ 2,500 and sold at ₹ 3,000.

Grade:12

1 Answers

Harshit Singh
askIITians Faculty 5964 Points
8 months ago
Dear Student

From the question, it is given that
Cost price of cupboard =₹2500 Selling price of cupboard =₹3000
Since (SP) > (CP), so there is a profit Profit = (SP)–(CP)
=₹(3000 - 2500)
= ₹500
Profit % = {(Profit/CP) × 100}
= {(500/2500) × 100}
= {50000/2500}
= 500/25
= 20%

Thanks

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