# 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 refrigerater 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

**Solution:**

a) In this question gardening shears are bought for Rs 250 and sold for Rs 325.

Since sale price is greater than cost price, so there is a profit

Profit = Selling price - Cost price

= 325 – 250

= Rs 75

And Profit % = (Profit / Cost Price) ×100

= (75 / 250) ×100

= 750 / 25

= 30%

You can verify this by using a profit calculator.

b)In this question refrigerator bought for Rs 12,000 and sold at Rs 13,500.

Since the sale price is greater than the cost price so there is a profit.

Profit = Selling price - Cost price

= 13500 - 12000

= Rs 1500

And Profit% = Profit/Cost Price ×100

= 1500/12000 ×100

= 150000/12000

= 12.5%

You can verify this by using a profit calculator.

c) In this question the sale price of cupboard is Rs 2,500 and cost price is Rs 3,000.

Since sale price is greater than cost price so there is profit

Profit = Selling price - Cost price

= 3000 - 2500

= Rs 500

And Profit % = Profit/ Cost Price ×100

= 500/2500 ×100

= 20%

You can verify this by using a profit calculator.

d) Cost price of the skirt is Rs 250 and the sale price is Rs 150.

Since, cost price is greater than sale price so there is Loss

Loss = Cost price - Sale price

= 250 – 150

= Rs100

And Loss% = Loss/ Cost Price ×100

= 100/250 ×100

= 40%

**Video Solution:**

## 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 refrigerater 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.

### Class 7 Maths NCERT Solutions - Chapter 8 Exercise 8.3 Question 1

Profit = 75 Rs, Profit% = 30, b) Profit = 1500, Profit% = 12.5, c) Profit = 500 Rs, Profit% =20, d) Profit = 100 Rs, Loss% = 40.