A watch purchased for rs 167 and sold for 180 what is the profit or loss in this deal
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Answered by
0
Answer:
Watch purchased for = Rs 167
» Cost price (C.P) = Rs 167
It was sold for. = Rs 180
» selling price (S.P) = Rs 180
To find whether profit or loss happened.
● if S.P is greater than C.P it is known as profit
● if C.P is greater than S.P it is known as loss
Here in this situation it is very clear that selling price if S.P (180)is greater than cost price C.P (167) .Hence it is a profit deal.
profit = S.P - c.p
» = 180 - 167
= 13
Hence profit of 13 rupees has happened.
Answered by
0
watch purchased(c.p) at = 167rs
watch sold at(s.p) = 180rs
it is a profit
profit = selling price - purchased price (cost price)
profit = 180rs - 167rs
profit = 13rs
hope it helps you...
watch sold at(s.p) = 180rs
it is a profit
profit = selling price - purchased price (cost price)
profit = 180rs - 167rs
profit = 13rs
hope it helps you...
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