Question

Tell what is the profit or loss in the following transactions. Also, find profit percent or loss percent.
Gardening shears bought for Rs. $$250$$ and sold for Rs. $$325$$

Answer 1

Cost price of gardening shears $$=Rs.250$$
Selling price of gardening shears $$=Rs. 325$$
Since, S.P> C.P, therefore here is profit
$$\therefore$$ Profit=S.P-C.P$$=325-250=Rs. 75$$
Now Profit %$$=\cfrac{Profit}{C.P}\times 100$$
$$=\cfrac{75}{250}\times 100=30$$%
Therefore, Profit $$=Rs. 75$$ and Profit %$$=30$$%