A man buys an old scooter for Rs. 7500 and sells for Rs. 8750. Find his profit or loss.

Answer

To solve the problem step by step, we will follow these instructions:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- The man buys an old scooter for Rs. 7500. This is the **Cost Price (CP)**.
- He sells the scooter for Rs. 8750. This is the **Selling Price (SP)**.

### Step 2: Write down the values
- Cost Price (CP) = Rs. 7500
- Selling Price (SP) = Rs. 8750

### Step 3: Determine if there is a profit or loss
- To find out if there is a profit or loss, we compare the Selling Price (SP) with the Cost Price (CP).
- Since SP (Rs. 8750) is greater than CP (Rs. 7500), the man makes a profit.

### Step 4: Calculate the Profit
- The formula for calculating profit is:
\[ \text{Profit} = \text{SP} - \text{CP} \]
- Substituting the values:
\[ \text{Profit} = 8750 - 7500 \]

### Step 5: Perform the subtraction
- Now, we subtract:
\[ 8750 - 7500 = 1250 \]

### Step 6: State the final answer
- The profit made by the man is Rs. 1250.

### Summary of the Solution:
- Cost Price (CP) = Rs. 7500
- Selling Price (SP) = Rs. 8750
- Profit = SP - CP = Rs. 1250

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