Question

Hello Friends , i have much confusion in Profit and Loss . So my questions are -
1) Explain profit and loss ?
2) Make a table of profit and loss of Fruits and explain it .
3) a. Shreya bought a green apple for $20 . On selling it made a loss of $5 . What was the selling price of apple?
b. Deeksha sold a purse for $190.00 . She suffered a loss of $20.00 . What was the cost price of the purse ?

Answer 1

${ \red{ \bf{ Profit: }}}$

Profit means the money we make after selling the product more than its cost price, it also means gain.

${ \red{ \bf{ Loss: }}}$

Loss means the money we lose after selling the product less than its cost price, it also means suffering.

Table of profit and loss of Fruits and explanation:

1 man buys a dozen oranges for Rs. 20 and sells it for Rs. 30, he makes a profit of Rs. 10.

And,

1 man buys a dozen oranges for Rs. 50 and sells it for Rs. 40, he makes a loss of Rs. 10.

Also please refer to the table in attachment,

3. a. Shreya bought a green apple for $ 20 . On selling it made a loss of $5 . What was the selling price of apple?

CP of the apple = $20

Loss = $5

SP = CP-Loss

=$15

b. Deeksha sold a purse for $ 190.00 . She suffered a loss of $20.00 . What was the cost price of the purse?

SP of the purse = $190.00

Loss = $20.00

CP = SP + Loss

= $210.00