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

Answer:

Given:

The S.P of an article is Rs.180 and

it was bought for Rs.150,

loss = 0

profit = 180-150= Rs.30

Step-by-step explanation:

Answer 2

$\mathrm\green{Given \: that:-}$

S.P of an Article is Rs. 180.

C.P of the Article was Rs. 150.

We need whether it is :-

$\underline\red{Profit \: or \: Lose:-}$

Concept:-

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

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

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

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

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:-

Profit = SP>CP

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.