Question

9. Find the profit or loss when S.P. =Rs 28500 C.P. Rs. 30000
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Answer 1

Answer:

loss of Rs. 1500

Step-by-step explanation:

30000-28500

=1500

Answer 2

The loss is Rs. 1500.

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Let's understand a few concepts:

To calculate the profit or loss in any transaction we will always use the following formulas:

$\boxed{\bold{Profit = S.P. - C.P.}}$

$\boxed{\bold{Loss = C.P. - S.P.}}$

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Let's now solve the given problem:

The cost price (C.P.) = Rs. 30000

The selling price (S.P.) = Rs. 28500

Here C.P. > S.P.

⇒ there will be a loss in the transaction as the cost price is more than the selling price.

Therefore,

The loss is,

= C.P. - S.P.

= Rs. 30000 - Rs. 28500

= Rs. 1500

Thus, the loss is Rs. 1500.

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