Question

Find the profit or loss in each case
C.P = 9356 rupees , S.P = 1000 rupees
Please answer this question by step by step explanation ​

Answer 1

Step-by-step explanation:

Basic Definitions and Formulas for Profit and Loss

Cost Price (CP) - This is the price at which an article is purchased.

Selling Price (SP) - This is the price at which an article is sold.

Profit or Gain - If the selling price is more than the cost price, the difference between them is the profit incurred.

Profit or Gain = Selling price (SP) – Cost price (CP)

Loss - If the selling price is less than the cost price, the difference between them is the loss incurred

Answer 2

Answer:

• Cost Price (CP) = Rs. 9356
• Selling Price (SP) = Rs. 1000

Here SP is less than CP, that's why it will be loss

⠀

• Loss incurred will be :

⇒ Loss = CP - SP

⇒ Loss = Rs. 9356 - Rs. 1000

⇒ Loss = Rs. 8356

⠀

∴ Hence, Loss will be equal to Rs. 8356.

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• In case we want to find Loss percent :

$:\implies\sf Loss\%=\dfrac{Loss}{CP} \times 100\\\\\\:\implies\sf Loss\% = \dfrac{8356}{9356} \times 100\\\\\\:\implies\sf Loss\% = 0.8931 \times 100\\\\\\:\implies\sf Loss\% = 89.31\%$

$\rule{200}{1}$

$\boxed{\begin{minipage}{6.5 cm}\underline{\text{Some Important Formulae Related to it :}}\\ \\ SP=CP\times(100+\sf Profit)\%\\ \\SP=CP\times(100-Loss)\%\\ \\Profit\%=\dfrac{Profit}{CP}\times100 \\ \\Loss\%=\dfrac{Loss}{CP}\times100\end{minipage}}$