Question

Find the profit when C.P = Rs 120 and S.P = Rs 170.

Answer 1

Answer:

• Here,the profit is Rs. $50$.

Step-by-step explanation:

Given : Cost price = Rs. $120$

         Selling price = Rs. $170$

To find : Profit = ?

Solution :

• It is given that Cost price = Rs. $120$

                         Selling price = Rs. $170$

• We have to find the profit in this case.
• As we know that when selling price of an abject is greater than cost price, then profit is made.
• We have a formula for profit,
• Profit = Selling price - Cost price

               $= 170-120$

               $=50$

• ∴ Here,the profit is Rs. $50$.

Answer 2

We are given the cost price and selling price.

Cost price = Rs. 120

Selling price = Rs. Rs 170

We have to find the profit.

When is a profit made?

When the selling price exceeds the cost price, then a profit is made.

Formula to calculate profit:

Profit = Selling price - Cost price

         = 170 - 120

          = 50

Hence, the profit will be of Rs. 50