Now calculate profit / loss for the following in your notebook.
a. For the ring-a-gift stall at the fête, the teacher spent Rs 49. For each ticket, the children had to pay Rs 2. If the teacher sold 72 tickets, how much money did she collect and what was the profit from the stall?
b. For the school concert, a school spent Rs 3,520 on costumes and lighting. 80 tickets of Rs 50; 63 of Rs 25; 41 of Rs 15; and 110 of Rs 10 were sold. What was the total ticket money collected? How much money was the school able to gain from the concert?
C. A charity organization was selling juices, jams, and pickles. Given below is the cost and selling price of each item. Calculate the profit made by sale. Total Profit Total
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Answers
Answer:
Question 1:
The cost price and selling price are given in the following table .Find out whether there was a profit or a loss and how much it was .
Ex. Cost Price (in Rs) Selling Price
( in Rs) Profit or Loss How Much ?
1. 4500 5000
2. 4100 4090
3. 700 799
4. 1000 920
ANSWER:
1. Cost price = Rs 4500; Selling price = Rs 5000
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 5000 − 4500
= Rs 500
Hence, there is a profit of Rs 500.
2. Cost price = Rs 4100; Selling price = Rs 4090
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 4100 − 4090
= Rs 10
Hence, there is a loss of Rs 10.
3. Cost price = Rs 700; Selling price = Rs 799
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 799 − 700
= Rs 99
Hence, there is a profit of Rs 99.
4. Cost price = Rs 1000; Selling price = Rs 920
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 1000 − 920
= Rs 80
Hence, there is a loss of Rs 80.
The complete table is shown below.
Ex. Cost Price (in Rs) Selling Price
( in Rs) Profit or Loss How Much ?
1. 4500 5000 Profit Rs 500
2. 4100 4090 Loss Rs 10
3. 700 799 Profit Rs 99
4. 1000 920 Loss Rs 80
Step-by-step explanation:
b. For the school concert, a school spent Rs 3,520 on costumes and lighting. 80 tickets of Rs 50; 63 of Rs 25; 41 of Rs 15; and 110 of Rs 10 were sold. What was the total ticket money collected? How much money was the school able to gain from the concert?