Question

Find The Profit Or Loss
a. Cost Price = rupees 2562, Selling Price = rupees 3465, Overheads = rupees 56
( Answer is Profit = rupees 847 and I want solution)
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Answer 1

Cost Price = 2562 + 56 = 2618

Selling price = 3465

Since Selling price is more than cost price = profit occurs

Selling Price - Cost price = Profit

3465 - 2618

= Rs. 847

Answer 2

It is a profit

Profit= S.P - C.P

= 3465 - 2562

= 903