Question

An article was bought at 4500 and sold for 5000 find the amount of profit or loss

Answer 1

Answer :

profit is when the selling price is greater than cost price

so in this case it is a profit

as 5000 is greater than 4500

so profit = selling price - cost price

     so, 5000- 4500 = 500

therefore profit = 500

hope it helps you !!

:)