Question

The S.P of an article is Rs.180 and it was bought for Rs.150, then find the amount of profit or loss​

Answer 1

Step-by-step explanation:

Answer:-

Given that:-

• S.P of an Article is Rs. 180.
• C.P of the Article was Rs. 150.
• We need whether it is :-
• Profit or Loss

Concept:-

Chapter name - Conceptual questions on Profits and Loss, Simple and Compund Interest, GST, discounts and Taxes.

Let's Do!

$\rm{Sold \ Price - The \ price \ required \ to \ sell \ an \ item}$

$\rm{Cost \ Price - The \ price \ required \ to \ buy \ an \ item}$

$\rm{Profit = Sold \ Price \ (SP) - Cost \ Price \ (CP)}$

$\rm{Loss = Cost \ Price \ (CP) - Sold \ Price \ (SP)}$

• Profit is only applicable if Sold Price is greater than Cost Price
• Loss is only applicable when Cost Price is Greater than Sold Price. We conclude:-

1. Profit = SP>CP
2. Loss = CP>SP.

Here, we can see that SP > CP. Hence, it is a profit, and that's great [Smartwork].

$\rm{Profit = Sold \ Price \ (SP) - Cost \ Price \ (CP)}$

$\rm{Profit = 180 - 150}$

$\mapsto\rm{Profit = Rs. \ 30}$

So, amount of Profit is Rs. 30.

Answer 2

Answer:

Question:-

The S.P. of an article is Rs. 180 and it was bought for Rs. 150,

Find out in the question:-

• Find the amount of profit or loss

Step-by-step explanation:

Given:-

• S.P. of the article is Rs. 180
• C.P. of the article is Rs. 150

Chapter where this math is being there :-

• Profit and loss

Knowledge required:-

• S.P. (Selling price) is the amount by which we come to know that this thing price cost this
• C.P. (Cost price) is the amount by which we come to know that how much this thing cost to the seller

Points really to be remembered

• Profit is only applicable if Sold Price is greater than Cost Price

• Loss is only applicable when Cost Price is Greater than Sold Price

Formula used :-

As this is profit so,

[ Profit = Selling price - Cost price ]

Profit = 180 - 150

Profit = Rs 30

Know more!!

• [ Profit = Selling price - Cost price ]
• [ Loss = Cost price - selling price]
• Profit = SP>CP
• Profit = SP>CPLoss = CP>SP.

Answer

Rs 30 is the profit