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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. a Refrigerator Bought for Rs 12,000 and Sold at Rs 13,500. - Mathematics

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

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

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Solution

Cost price = Rs 12000

Selling price = Rs 13,500

Profit = 13500 − 12000 = Rs 1500

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

Profit % = `500/2500 xx 100` = 20 %

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APPEARS IN

NCERT Class 7 Maths
Chapter 8 Comparing Quantities
Exercise 8.3 | Q 1.2 | Page 171
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