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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 Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
4500 | 5000 |
Solution
Cost price = Rs 4500; Selling price = Rs 5000
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 5000 − 4500
= Rs 500
Hence, there is a profit of Rs 500.
Cost Price (in Rs.) |
Selling Price (in Rs) |
Profit or Loss | How much? |
4500 | 5000 | Profit | Rs. 500 |
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Fill up the appropriate boxes in the following table
SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
(i) | 100 | 120 | ||
(ii) | 110 | 120 | ||
(iii) | 120 | 20 | ||
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(v) | 120 | 25 |
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