Profit and Loss in Rupees:
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
For Example:
Example 1: A sold a house for Rs 49600 which he had bought for Rs 45000. Find his profit or loss.
Sol : Cost Price of house = 45000 Rs.
Selling Price of house = 49600 Rs.
As selling price is more than cost price so he is making profit.
Profit = SP -CP = 49600- 45000 = 4600 Rs.
Example 2: Suresh 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 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.
_____________ = Selling Price - Cost Price | |||
Right Option : A | |||
View Explanation |
If the Cost Price of an article is greater than the Selling Price, we have a _________. | |||
Right Option : A | |||
View Explanation |
If cost price is Rs.110 and selling price is Rs.105,then Loss is ________ | |||
Right Option : C | |||
View Explanation |
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