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8th Foundation NTSE

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Maths / Comparing Quantities / Profit and Loss in Rupees
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Profit and Loss in Rupees

Profit and Loss in Rupees:

  • Selling Price (SP) = It is the amount at which we are selling a particular thing.
  • Cost Price(CP)= It is the amount at which we are buying a particular thing.
  • Profit: If the Selling price of an article is more than the cost price we are making a profit. It is calculated at the difference of selling price and cost price
  •                            Profit = Selling Price  - Cost Price

  • Loss: If the Selling price of an article is less than the cost price we are making a loss. It is calculated at the difference of cost price and selling 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 times 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.


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