Question

c.p = 249 s.p = 245 overhead charges = 15 find the profit and loss in short formula​

Answer 1

loss=c.p-s.p. loss=249-245=4. loss=4

Answer 2

Given :-

• Cost Price = Rs 249
• Selling Price = Rs 245
• Overhead Charges = Rs 15

To Find :-

• Profit or Loss

Solution :-

• Here, as we are given that S.P and C.P and Overhead Charges. In order to calculate gain or loss, we'll compare C.P and S.P. If S.P is greater than C.P there is gain, if C.P is greater than S.P there is loss.

⟾ Total C.P = Overhead Charges + C.P

⟾ Total C.P = 15 + 249

⟾ Total C.P = Rs 264

➝ Since, C.P is greater than S.P. Thus, there is Loss.

We know that :

➞ Loss = C.P - S.P

➞ Loss = 264 - 245

➞ Loss = Rs 19

Thus There is a Loss of Rs 19

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More to know :-

• Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The loss is obtained when the cost price is greater than selling price. The profit and loss can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the loss to percentage form, first we should divide the loss and cost price and then multiply by 100.

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