Question

A man sold a motor cycle for rs 37525 at a profit of rs 2500. Find the profit or loss if he had sold it for rs 34250.

Answer 1

Profit = S.P-CP

2500 = 37525-CP

hence CP is 35025 for which he bought motor cycle..

If he sold it for 34250,(CP>SP),loss occurs..

loss = CP-SP

=35025-34250

=775/-

Answer 2

Answer:

Step-by-step explanation: Original cost price= selling price - profit

=37525-2500

=35025 rs

Now if he sold for 34250, clearly it is a loss

Loss= 35025-34250

=775 rs