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Tell What is the Profit Or Loss in the Following Transactions. Also Find Profit Percent Or Loss Percent in Given Case. Gardening Shears Bought for Rs 250 and Sold for Rs 325. - CBSE Class 7 - Mathematics

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Question

Tell what is the profit or loss in the following transactions. Also find profit

percent or loss percent in given case.

Gardening shears bought for Rs 250 and sold for Rs 325.

Solution

Cost price = Rs 250

Selling price = Rs 325

Profit = 325 − 250 = Rs 75

Profit% = `"Profit"/"CP" xx 100`

`= 75/250 xx 100` = 30%

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APPEARS IN

 NCERT Solution for Mathematics for Class 7 (2018 to Current)
Chapter 8: Comparing Quantities
Ex. 8.30 | Q: 1.1 | Page no. 171
Solution Tell What is the Profit Or Loss in the Following Transactions. Also Find Profit Percent Or Loss Percent in Given Case. Gardening Shears Bought for Rs 250 and Sold for Rs 325. Concept: Profit Or Loss as a Percentage.
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