Question

explain in 200 words the following equations with examples?
(a) profit = S.p - c.p
(b) loss = c.p - S.p

Answer 1

Answer:

(a) - 30

(b) - 50

Step-by-step explanation:

(a)

I bought a book for 85 and sold it for 115. Find gain or loss percent.

⇒ Selling price = 115

⇒ Cost price = 85

Here, Selling price > Cost price.So,Gain has occured.

⇒ Profit = Selling price - Cost price

            = 115 - 85

            = 30.

⇒ Profit% = (profit/CP) * 100

                = (30/85) * 100

                = 35.29%

(b)

I bought a book for 150 and sold it for 100.Find gain or loss percent.

⇒ Cost price = 150.

⇒ Selling price = 100.

Here, Cost price > Selling price.So,Loss has occurred.

⇒ Loss = Cost price - Selling price

            = 150 - 100

            = 50.

⇒ Loss% = (Loss/CP) * 100

               = (50/150) * 100

               = 33.33%.

Hope it helps!

Answer 2

Hi!!!


Refer to the attachment