Question

An item is purchased for Rs. 1200 and is sold for Rs. 1400. How much profit is made on the same? *​

Answer 1

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Step-by-step explanation:

C. P. - Rs. 1200

S. P. - Rs. 1400

Profit = S. P. - C. P.

= Rs. 1400 - Rs. 1200

= Rs. 200

Answer 2

Step-by-step explanation:

Answer:-

Given:-

• Cost Price 1200
• Sold Price 1400

To find:-

• The profit made.

Concept:-

Profit and loss.

Let's Do!

We need to know that:-

$\sf{Profit = S.P-C.P}$

• CP is 1200
• SP is 1400

$\sf{Profit = 1400-1200}$

$\sf{Profit = 200}$

So, 200 rupees is the profit made.

Revise Other Formulas:-

$\sf{Profit = S.P-C.P}$

$\sf{Loss = C.P-S.P}$