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Tell what is the profit or loss in the following transactions. Also find profit per cent or loss per cent in each case. A cupboard bought for Rs 2,500 and sold at Rs 3,000.

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.
 

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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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