Question

1. Find the profit or loss in each of the following cases:
(a) Cost price =Rs 270, selling price =Rs 300
(b) Cost price =3325, selling price = 3275
(c) Selling price =Rs 895, cost price = Rs 818
(d) Selling price = 31 000, cost price = 31 080​

Answer 1

Step-by-step explanation:

Profit = Selling price -cost Price

loss = Cost price - Selling price

when selling price is higher than the Cost price then you get profit

when selling price is less than the Cost price then you get loss

so,

a) Profit=300-270=30Rs

b)loss=3325-3275=50Rs

c) Profit=895-818=77 Rs

d)loss=31080-31000=80Rs

Answer 2

Solution:-

Question 1 :-

(a) Cost price =Rs. 270, selling price =Rs. 300

Answer:-

As, S.P. is greater than C.P., so, Profit / Gain

Gain = S.P. - C.P

= Rs. 300 - Rs. 270

= Rs. 30

Question 2 :-

(b) Cost price = Rs. 3325, selling price = Rs. 3275

Answer:-

As, C.P. is greater than S.P., So, Loss

Loss = C.P. - S.P.

= Rs. 3325 - Rs. 3275

= Rs. 50

Question 3 :-

(c) Selling price =Rs. 895, cost price = Rs. 818

Answer:-

As, S.P. is greater than C.P. , So, Profit / Gain

Gain = S.P. - C.P.

= Rs. 895 - Rs. 818

= Rs. 77

Question 4 :-

(d) Selling price = Rs. 31000, cost price = Rs. 31080

Answer:-

As, C.P. is greater than S.P., So, Loss

Loss = C.P. - S.P.

= Rs. 31080 - Rs. 31000

= Rs. 80

Remember:-

• If selling price is greater than cost price then the seller has a gain or profit.

➝ Gain = S.P. - C.P.

• If cost price is greater than selling price then the seller has loss.

➝ Loss = C.P. - S.P.