Question

If S.P=1400,CP=700 find profit and loss

Answer 1

Answer:

As here SP (Selling Price) is more than CP (Cost Price), therefore there will be Profit.

$:\implies\tt Gain\%=\dfrac{Gain}{CP} \times 100\\\\\\:\implies\tt Gain\%=\dfrac{(SP-CP)}{CP} \times 100\\\\\\:\implies\tt Gain\%=\dfrac{(1400-700)}{700} \times 100\\\\\\:\implies\tt Gain\%=\dfrac{700}{700} \times 100\\\\\\:\implies\underline{\boxed{\textsf{\textbf{Gain\% = 100\%}}}}$

$\rule{200}{2}$

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