8.3

1. 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.

Solution:-

From the question, it is given that

Cost price of gardening shears = ₹ 250

Selling price of gardening shears = ₹ 325

Since (SP) > (CP), so there is a profit

Profit = (SP) – (CP)

= ₹ (325 – 250)

= ₹ 75

Profit % = {(Profit/CP) × 100}

= {(75/250) × 100}

= {7500/250}

= 750/25

= 30%

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<a data-ved="2ahUKEwivutWczNLtAhXBjOYKHfG6AOYQFjAJegQIChAC" href="https://mycbseguide.com/blog/ncert-solutions-for-class-7-maths-exercise-8-3/" ping="/url?sa=t&source=web&rct=j&url=https://mycbseguide.com/blog/ncert-solutions-for-class-7-maths-exercise-8-3/&ved=2ahUKEwivutWczNLtAhXBjOYKHfG6AOYQFjAJegQIChAC" rel="noopener" target="_blank">NCERT Solutions for Class 7 Maths Exercise 8.3 ...</a>