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 %