Question

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.
Cost price (in ₹) - Selling price (in ₹)
4500 - 5000
4100 - 4090
700 - 799
1000 - 920

Answer 1

1) Profit of Rs 500
2) Loss of Rs 10
3) Profit of Rs 99
4) Loss of Rs 80

Answer 2

Answer:

In this question, we have to find profit or loss.

If  the selling price is greater than cost price than profit occurs.

If cost price is greater than selling price than loss occurs.  

1). Cost price = 4500, Selling price = 5000

Here SP> CP

Profit = SP - CP

Profit = 5000 - 4500 = Rs500

2). Cost price = 4100, Selling price = 4090

Here CP> SP

Loss = CP - SP

Loss = 4100 - 4090 = Rs10

3). Cost price = 700, Selling price = 799

Here SP> CP

Profit = SP - CP

Profit = 799 - 700 = Rs99

4). Cost price = 1000, Selling price = 920

Here CP> SP

Loss = CP - SP

Loss = 1000 - 920 = Rs80