Question

Find the profit or loss if CP= Rs. 7500 and SP= Rs.8950

Answer 1

Given,

The cost price is given as $7500$ rupees

The selling price is given as $8950$ rupees

Now we have to find profit of loss occurred

As selling price is greater than cost price there will be profit.

Profit = Selling price - Cost price

$=8950-7500$

$=1450$

Therefore, the profit gained is $1450$ rupees

Answer 2

Following are the step for getting the answer :

Given:

The cost price =17500  rupees

The selling price =8950  rupees

to find:

profit or loss

Solution:

As selling price is greater than cost price there will be profit.

Profit = Selling price - Cost price

profit=8950-7500

profit=1450

profit% = (profit / CP) * 100

profit%=(1450/7500)×100

profit%= 19.3%

Thus, the profit is 19.3%