Question

A cricket bat is purchased for Rs 800 and sold for Rs 1600 .Find the Loss and profit

Answer 1

CP = RS 800
SP =RS1600
since SP is more ,therefore it is profit.
 Profit = SP-CP
          = RS(1600-800)
           =RS 800
 Therefore , profit =  RS 800

Answer 2

Cost price of a cricket bat = Rs 800
Selling price of a cricket bat = Rs 1600
PROFIT = SELLING PRICE - COST PRICE = 1600 - 800 = 800
LOSS = COST PRICE - SELLING PRICE = 800 - 1600 = -800
LOSS = RS. -800
PROFIT = RS. 800.

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