Advertisements
Advertisements
Question
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
A cupboard bought for ₹ 2,500 and sold at ₹ 3,000.
Solution
Cost price = ₹ 2500
Selling price = ₹ 3000
Profit = 3000 - 2500
= ₹ 500
Profit % = `"Profit"/"Cost price" xx 100`
= `500/2500 xx 100`
= 20%
So, profit = ₹ 500 and profit percentage = 20%
APPEARS IN
RELATED QUESTIONS
Find the loss percentage incurred by selling a watch for Rs.1610 that was purchased for Rs.1750.
A man buys a car for Rs. 75000 and spends Rs.15000 on repairing it. If he sells the car now for Rs.114000, find the gain percent.
A shopkeeper purchased 1000 notebooks at Rs.240 a score. If he sells the notebooks at.15 each, find his profit or loss percent.
By selling 12 glasses for Rs.600 a shopkeeper makes a profit of 25%. Find his profit or loss percent when he sells 15 glasses for Rs.540.
Selling price of a toy car is Rs. 540. If the profit made by the shopkeeper is 20%, what is the cost price of this toy?
Joseph bought a machine for Rs. 23500. He paid Rs. 1200 for transport and Rs. 300 as tax. If he sold it to a customer for Rs. 24250, what was his percent profit or loss?
Saritaben bought 18 chairs each at Rs. 700 and sold them all for Rs. 18900. What was the percentage of her profit or loss?
2 is what percentage of 50?
What percentage of 8 is 64?
A tea merchant blends two varieties of tea in the ratio of 5:4. The cost of first variety is ₹ 200 per kg and that of second variety is ₹ 300 per kg. If he sells the blended tea at the rate of ₹ 275 per kg, find out the percentage of her profit or loss.
