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Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case. A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500.

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Question

Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.

A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500.

Sum
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Solution

Cost price = ₹ 12000

Selling price = ₹ 13,500

Profit = 13500 − 12000

= ₹ 1500

Profit% = `"Profit"/"C.P." xx 100`

= `1500/12000 xx 100`

= 12.5%

Hence, profit = ₹ 1500 and profit percentage = 12.5%

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Chapter 7: Comparing Quantities - EXERCISE 7.2 [Page 122]

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NCERT Mathematics [English] Class 7
Chapter 7 Comparing Quantities
EXERCISE 7.2 | Q 1. (b) | Page 122

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