Devangi buys a chair for ₹700 and sells it for ₹750. She earns a profit of ________ % in the transaction. Fill in the blanks to make the statement true.

Solution:

Devangi buys a chair for ₹700 and sells it for ₹750. She earns a profit of ________ % in the transaction.

We have to fill in the blanks to make the statement true.

According to the question,

CP = ₹700

SP = ₹750

We know, Profit = SP - CP

= 750 - 700

Profit = ₹50

We know, Profit% = Profit/CP × 100

= 50/700 ×100

= 50/7

= 7 1/7%

Therefore, profit% = 7 1/7%

✦ Try This: Shivani buys a wooden cot for ₹7800 and sells it for ₹8000. She earns a profit of ________ % in the transaction. Fill in the blanks to make the statement true.

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 40

Devangi buys a chair for ₹700 and sells it for ₹750. She earns a profit of ________ % in the transaction. Fill in the blanks to make the statement true

Summary:

Devangi buys a chair for ₹700 and sells it for ₹750. She earns a profit of 7 1/7% in the transaction.

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