Find thw profit or loss in each of the following cases. (a) cp=150
sp=275
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Selling p - Cost p = Profit
275-150=125=profit
275-150=125=profit
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Answer:
No loss is incurred.
Step-by-step explanation:
LOSS occurs when the COST PRICE is more than the SELLING PRICE of the item.
PROFIT occurs when the SELLING PRICE is more than the COST PRICE of the item.
In this case,
CP = Rs. 150
SP = Rs. 275
SELLING PRICE is greater than COST PRICE, hence
Profit earned = SP - CP
= 275 - 150
= Rs. 125
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