Profit and Loss in Rupees
Profit and Loss in Rupees
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.
If cost price is Rs.110 and selling price is Rs.105,then Loss is ________ | |||
| Right Option : C | |||
| View Explanation | |||
If the Cost Price of an article is greater than the Selling Price, we have a _________. | |||
| Right Option : A | |||
| View Explanation | |||
A manufacturer estimates that on inspection 20% of the articles he produces are rejected. He accepts an order to supply 20,000 articles at Rs. 7.50 per item. He estimates the profit on his outlay to be 20 % after providing for the rejects. Find his cost of manufacture per article. | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [10]
A marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
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Yatharthi Sharma
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Prisha Gupta
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Shivam Rana
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Barkha Arora
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Hiya Gupta
8thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
