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Tell what is the profit or loss in the following transaction. Also find profit per cent or loss per cent in each case. A refrigerator bought for Rs 12,000 and sold at Rs 13,500.

Q.1.    Tell what is the profit or loss in the following transaction. Also find profit per cent or loss per cent in each case.

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

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M manish

Given that,
CP = Rs 12000
SP = Rs 13500

SInce SP > CP
Therefore, Profit = SP - CP = 1500

and, Profit % 
\Rightarrow \frac{1500}{12000}\times 100 = 12.5\%

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