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A cupboard was bought for Rs.2000 and sold for Rs.2500. What is the profit or loss percentage?

A cupboard was bought for Rs.2000 and sold for Rs.2500. What is the profit or loss percentage?

  • (A) 10 percent
  • (B) 12 percent
  • (C) 25 percent
  • (D) 20 percent
  • Step 1: Given figures are as follows:
  • Cost Price (CP) = Rs. 2000
  • Selling Price (SP) = Rs. 2500
  • Step 2: Whether there is a loss or a profit
  • As SP is more than CP, there is a profit.
  • Step 3: To find the amount of profit
  • Profit = SP - CP
  • = 2500 - 2000 = Rs. 500
  • Step 4: To find the percentage of profit
  • Profit% = (Profit/CP) × 100
  • = (500/2000) × 100  = 0.25 × 100  = 25%
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March 18, 2026 No Comments
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