Complete the following table with appropriate entries (Wherever possible)
S. No. Cost Price Expenses Selling
Profit Loss Profit
Loss
(C.P.)
Price(S.P.)
Percentage Percentage
Interest is
with them
1
5 750
₹
50
₹80
lent mon
2
HV
₹
4500
500
71.000
year mar
3
46,000
7 4000
60,000
4
₹
300
₹
50
But how
principal
simple in
12%
5
₹ .
330
₹
20
10%
this.
Answers
Answer:
1) Total C.P=C.P+expenses=750+50=800
Profit =S.P–C.P
S.P=Profit+C.P=800+80=880
Percent profit =
C.P
Profit
×100=
800
80
×100=10
Loss=Percent loss=0
2) TotalC.P=C.P+expenses=4500+500=5000
Loss =S.P–C.P
S.P=Loss+C.P=1000+5000=6000
Percent loss=
C.P
Loss
×100=Total C.P=C.P+expenses=750+50=800
Profit =S.P–C.P
S.P=Profit+C.P=800+80=880
=
5000
1000
×100=20
Profit=% Profit=0
3) Total C.P=C.P+expenses=46000+4000=50000
Profit or Loss =S.P–C.P=60000–50000=+10000 (Profit)
%Profit=
C.P
Profit
×100=TotalC.P=C.P+expenses=750+50=800
Profit =S.P–C.P
S.P=Profit+C.P=800+80=880
=
50000
10000
×100=20
Loss=Percent loss=0
4) TotalC.P=C.P+expenses=300+50=350
%Profit=
C.P
Profit
×100
Profit=Total C.P=C.P+expenses=750+50=800
Profit =S.P–C.P
S.P=Profit+C.P=800+80=880
100
Percent profit×C.P
=12×3.5=42
S.P=Profit+C.P=42+300=342
Loss=Percent loss=0
5) Total C.P=C.P+expenses=300+50=350
%Profit=
C.P
Profit
×100
Profit=Total C.P=C.P+expenses=750+50=800
Profit =S.P–C.P
S.P=Profit+C.P=800+80=880
100
Percent profit×C.P
=12×3.5=42
Profit =S.P–C.P
S.P=Profit+C.P=42+300=342
Loss=Percent loss=0
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Step-by-step explanation:
Profit and Loss formula is used in mathematics to determine the price of a commodity in the market and understand how profitable a business is. Every product has a cost price and selling price. Based on the values of these prices, we can calculate the profit gained or the loss incurred for a particular product. The important terms covered here are cost price, fixed, variable and semi-variable cost, selling price, marked price, list price, margin, etc. Also, we will learn the profit and loss percentage formula here.
For example, for a shopkeeper, if the value of selling price is more than the cost price of a commodity, then it is a profit and if the cost price is more than the selling price, it becomes a loss. Here, in this article, we will discuss profit as well as loss concepts along with tricks to solve problems based on it.
