Question

Ram bought 5kg of rice in ₹250. He then sold it for ₹300. Find the profit or loss.
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Answer 1

Step-by-step explanation:

C.p < S.p

So,

it's a profit

Profit = S.p - C.P = 300 - 250 = 50

Hope it's helpful for you!

Answer 2

C.P of Rice=Rs.250

S.P of Rice=Rs.300

Here, S.P>C.P

Therefore, there is a Profit

Profit=S.P-C.P

=300-250=Rs.50

So, here is a Profit of Rs.50