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

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

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

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

(d) A skirt bought for Rs. 250 and sold at Rs. 150.

(a) It is given in the question that,

Cost price of the product, CP = Rs 250

Selling price of the product, SP = Rs 325

Therefore,

Profit = Selling Price – Cost Price

= 325 – 250

= Rs 75

Also,

Profit % = × 100

= × 100

= × 4

= 7.5 × 4

= 30 %

(b) It is given in the question that,

Cost price of the refrigerator, CP = Rs 12,000

Also,

Selling price of the refrigerator, SP = Rs 13,500

Therefore,

Profit = Selling Price – Cost Price

= 13,500 – 12,000

= Rs 1500

We know that,

Profit % = × 100

= × 100

=

= = 12.5 %

(c) It is given in the question that,

Cost price of the cupboard, CP = Rs 2500

Selling price of the cupboard, SP = Rs 3000

Profit = Selling Price – Cost Price

= 3000 – 2500

= Rs 500

Also,

Profit % = × 100

= × 100

= = 20 %

(d) It is given in the question that,

Cost price of the skirt, CP = Rs 250

Selling price of the skirt, SP = Rs 150

Therefore,

Loss = Cost Price – Selling Price

= 250 – 150

= Rs 100

Also,

Loss % = × 100

= × 100

= × 4

= = 40 %