Find profit and loss

We know that when there is Profit (P), Selling Price (SP)= Cost Price(CP) + Profit(P) The other formulas derived from it are as follows Profit(P) = Selling Price (SP)-Cost Price(CP) Cost Price(CP) = Selling Price (SP) - Profit(P) We know that when there is Loss(L), Selling Price (SP)= Cost Price(CP) - Loss(L) The other formulas derived from it are as follows Loss(L) = Cost Price(CP) - Selling Price (SP) Cost Price(CP) = Selling Price (SP) + Loss(L)

90 120 Profit Profit=SP-CP=120-90-30 Find the Profit/loss value Cost Price Selling Price Profit/Loss Profit/Loss value (CP) (SP) (P/L) 90 120 Profit Profit=SP-CP=120-90-30 150 129 Loss Loss=CP-SP=150-129=21 250 199 Loss Loss=CP-SP=250-199=51 75 99 Profit Profit=SP-CP=99-75=14

Example 1: If the cost price of a bag is Rs 575 and the selling price is Rs 625. . Find profit/loss value. Solution Given: Cost Price=Rs 575, Selling Price=Rs 625 To find: Profit/Loss value Since Selling Price>Cost Price, there is profit. We know that Profit=Selling Price-Cost Price. ∴ Profit=625-575=50 Ans: Profit = Rs 50

Example 2: If the cost price of the box is Rs 155 and the selling price is Rs 140. Find profit/loss value. Solution Given: Cost Price=Rs 155, Selling Price=Rs 140 To Find: Profit/Loss value Since Selling Price<Cost Price, there is Loss We know that Loss=Cost Price-Selling Price. ∴ Loss=155-140=15 Ans: Loss = Rs 15

Example3: A vegetable seller bought 40 kg onion Rs 480. First 35 kg he sold them for Rs 20.Remaining he sold them for Rs 15.Find the profit or loss value Solution Given : Cost Price=Rs 480, Selling price= Rs 20 per kg for first 35kg and Rs 15 per kg for the remaining. To find: profit or loss value First calculate total selling price Selling price for first 35kg= 20 x 35 = 700 (∵ price per kg=20 for 35kg) After selling 35kg onion seller will have 40-35=5 kg remaining Selling price for remaining 5kg=15 x 5=75 (∵ price per kg=15 for remaining 5kg) Total selling price=700+75=775

Example 3 (Continue) Total selling price=775 Since Selling Price>Cost Price , there is profit We know that Profit=Selling Price-Cost Price. ∴ Profit=775-480=295 Ans: Profit = Rs 295

Try these Find the Profit/Loss value when selling price = Rs 2400 and cost price = Rs 2540. Vinod sold 20 kg potatoes for Rs 2400. He had purchased the potatoes for Rs 1800.Find profit/loss value. 3) A fruit seller bought 200 bananas for Rs 500. He sold 100 bananas for Rs 350. He sold 75 bananas for Rs 225.The remaining bananas he could not sold and got rotten.