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.

          (a) Gardening shears bought for Rs 250 and sold for Rs 325.

          
 

Answers (1)

Given that,
Selling price =  Rs 325
Cost price = Rs 250
Since SP > CP
Therefore, profit = SP-CP = Rs 75

And, Profit %
\Rightarrow \frac{75}{250}\times 100 = 30\% 

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