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

           (c) A cupboard bought for Rs 2,500 and sold at Rs 3,000.
 

Answers (1)
M manish

We have,
CP = Rs 2500
SP = Rs 3000

Since SP > CP
Therefore, Profit = SP - CP = 500

and, Profit %
\Rightarrow \frac{500}{2500}\times 100 = 20\%

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