If CP = Rs 6750
SP = Rs 7000
Find profit or Loss
Answers
Answered by
0
Answer:Rs. 250 is the answer
Step-by-step explanation:
Since S.P> C.P
S.P-C.P = profit
7000- 6750
Rs. 250
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Answered by
0
Answer:
Rs 250
Step-by-step explanation:
P = SP - CP
Profit = Selling price - Cost Price
= 7000 - 6750
= 250
So the Profit Is Rs 250.
What is Profit?
Profit is the amount gained by selling a product with more than its cost price.
What is Loss?
Loss is the amount the seller incurs after selling the product less than its cost price.
What is Cost Price?
The amount paid for a product or commodity to purchase it is called a cost price. Also, denoted as CP.
What is Selling Price?
The amount for which the product is sold is called Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.
Formulas:-
- Profit = Selling price – Cost Price
- Loss = Cost Price – Selling Price
Some Solved Examples:-
- If a shopkeeper brings a cloth for Rs.100 and sells it for Rs.150, then he has made a profit of Rs.50/-.
- If a salesperson has bought a textile material for Rs.300 and he has to sell it for Rs.250/-, then he has gone through a loss of Rs.50/-.
Hope it Helps!!!
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