Profit and Loss in Rupees:
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
For Example:
Example 1: Reena sold a pencil for Rs 6 which She had bought for Rs 5. Find her profit or loss.
Sol : Cost Price of One pencil = 5 Rs.
Selling Price of One pencil = 6 Rs.
As selling price is more than cost price so she is making profit.
Profit = SP -CP = 6- 5 = 1 Re.
Example 2: Simon bought one dozen oranges at the rate of Rs 6 per orange and sold them at thr rate of Rs 60 per dozen. Find his profit or loss.
Sol : Cost of one orange is = 6 Rs.
Cost Price of One dozen oranges = 6 X 12 = 72 Rs.
Selling Price of One Dozen Oranges = 60 Rs.
As selling price is less than cost price so he is making loss.
Loss = CP -SP = 72-60 = 12 Rs.
A merchant buys 30 kg of rice at Rs 40/kg, and another 20 kg of rice at Rs 30/kg. He mixes them and sells half of the mixture at Rs. 36/kg. At what price should he sell the remaining mixture to get an overall profit of 30%? | |||
Right Option : A | |||
View Explanation |
If cost price is Rs.230 and selling price is Rs.195, then the Loss is ___________ | |||
Right Option : B | |||
View Explanation |
_____________ = Selling Price - Cost Price | |||
Right Option : A | |||
View Explanation |
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