Construct a formula to find the price(p) of 'l' number of lemons costing Rs.4 each.
Answers
Profit
If the selling price (S.P.) of an article is greater than the cost price (C.P.), the difference between the selling price and cost price is called profit. Thus, if S.P. > C.P., then
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SThe profit percent is the profit that would be obtained for a C.P. of Rs 100 i.e,
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Profitpercent=(ProfitC.P.)×100
Loss
If the selling price (S.P.) of an article is less than the cost price (C.P), the difference between the cost price (C.P.) and the selling price (S.P.) is called loss. Thus, if S.P. < C.P., then
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Loss=C.P.–S.P.C.P.=S.P.+LossS.P.=C.P.–Loss
Loss percentage
The loss percentage is the loss that would be made for a C.P. of Rs 100, that is
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Losspercent=(LossC.P.)×100
Neutral Situation
If S.P. = C.P., then seller neither gain money or lose any.
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Profit=S.P.–C.P.S.P.=C.P.+ProfitC.P.=S.P.–Profit