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Answers
Required Answer:-
The above questions are related to basic concepts of Profit and loss (a chapter we read in Arithmetic) which is basically to determine the loss or gain in any item.
Answers of blanks:
(a) If cost price of an article is greater than the selling price, we have a loss
(b) Selling price = Cost price - loss
(c) Cost price = Selling price - profit
(d) Cost price + profit = Selling price
(e) Selling price + loss = Cost price
Note:
Here there are two things to understand! Profit & Loss. Profit means the extra amount u got by buying and selling anything. Loss means you didn't gain, you have to pay extra
When there is a profit, Selling price > Cost price. And when there is a loss, Cost price > Selling price. Don't memorize this, first understand the concept.
Answer :-
(a) If cost price of an article is greater than the selling price, we have a
(b) Selling price = - loss
(c) Cost price = Selling price -
(d) Cost price + = Selling price
(e) Selling price + = Cost price