4. Calculate the actual C.P. and then find out if there is a profit or loss in the following.
a. C.P ₹140
overhead charges ₹20
Actual C.P ?
S.P ₹200
profit and loss ?
Answers
Answer:
Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.
Formula: Loss = Cost price (C.P.) – Selling Price (S.P.)
Profit or Loss is always calculated on the cost price.
Marked price: This is the price marked as the selling price on an article, also known as the listed price.
Discount or Rebate: This is the reduction in price offered on the marked or listed price.
Below is the list of some basic formulas used in solving questions on profit and loss:
Gain % = (Gain / CP) * 100
Loss % = (Loss / CP) * 100
SP = [(100 + Gain%) / 100] * CP
SP = [(100 – Loss %) / 100]*CP
The above two formulas can be stated as,
If an article is sold at a gain of 10%, then SP = 110% of CP.
If an article is sold at a loss of 10%, then SP = 90% of CP.
CP = [100 / (100 + Gain%)] * SP
CP = [100 / (100 – Loss%)] * SP
Profit and Loss: Solved Examples
Question 1: An article is purchased for Rs. 450 and sold for Rs. 500. Find the gain percent.
Solution:
Gain = SP – CP = 500 – 450 = 50.
Gain% = (50/450)*100 = 100/9 %
Step-by-step explanation:
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Answer:
ACTUAL COST PRICE 160
IT IS A PROFIT OF ₹40
Step-by-step explanation:
As cost price of the thing is
₹140 and overhead charges are ₹20
add both answer will be 160 then
subtract SP which is 200 with the number 160
you get a answer of ₹40 which is extra so it's a profit