7th Class Mathematics Comparing Quantities

  • question_answer 14) 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 ` 250 and sold for ` 325. (b) A refrigerator bought for `12,000 and sold at ` 13,500. (c) A cupboard bought for ` 2,500 and sold at ` 3,000. (d) A skirt bought for ` 250 and sold at ` 150.                

    Answer:

                    (a) C.P. = ` 250 S.P. = ` 325             .             Profit has been made. Profit . =  ` 325 - ` 250 =  ` 75 Profit %                = 30%  (b) C.P. = ` 12,000 S.P. = ` 13,500             .             Profit has been made. Profit = ` 13,500 - ` 12,000 = ` 1,500 Profit %                 (c)           C.P = ` 2,500                                 S.P = ` 3,000                                                          Profit has been made. Profit                       = ` 3,000 - ` 2,500 = ` 500                 Profit %                                                  (d)          C.P = ` 250                                 S.P = ` 150                                                         Loss has been made.                                                                 =  ` 250 - ` 150 = ` 100                                                                                

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