1. Find profit or loss

2. Profit and Loss
Raja, the fruit stall owner buys lot of fruits from the
wholesale market in cheap price
The price at which Raja buys the fruit at the
market is called the Cost Price(C.P.).
Raja then sells the fruits in his shop.
The price at which he sells the fruit in his stall
is called the Selling Price (S.P.).

3. From the price list we can say that the
Selling price(SP) of the apples and the
mangoes in the shop are greater than their
respective Cost price(CP) in the whole sale
market.
The shopkeeper Raja gets some amount in addition to the cost price. This additional
amount is called the profit. So when Selling price(SP) > Cost price(CP) then there is
profit
Therefore Selling Price (SP)= Cost Price(CP) + Profit(P)
Hence Profit(P) = Selling Price(SP) – Cost Price(CP)
For apples , Cost Price(CP)=6, Selling Price (SP)=8
Profit(P) =SP-CP=8-6=2
So the shopkeeper has a profit of Rs 2 while selling apples

4. From the price list we can see the selling
price of the banana and orange in the
shop is lesser than their respective cost
price in the whole sale market.
The shopkeeper Raja looses some money compared to Cost price. This amount is
called the Loss. So when Selling price(SP) < Cost price(CP) then there is loss
Therefore Selling Price (SP)= Cost Price(CP) - Loss(L)
Hence Loss(L) = Cost Price(CP) - Selling Price (SP)
For banana , Cost Price(CP)=3, Selling Price (SP)=2
Loss(L) =CP-SP=3-2=1
So the shopkeeper has a loss Rs 1 while selling banana

5. 20 50 50>20 i.e SP>CP hence Profit
Example 1: Find Profit/Loss
Cost Price Selling Price Profit/Loss
(CP) (SP) (P/L)
>20 i.e SP>CP hence Profit
<10 i.e SP<CP hence Loss
>12 i.e SP>CP hence Profit
<20 i.e SP<CP hence Loss

6. To calculate Profit and Loss We make a profit if ,
Selling Price ( S.P.) is More than Cost Price ( C.P.)
Profit = S.P. ̶ C.P.
We make a loss if ,
Cost Price ( C.P.) is More than Selling Price ( S.P.)
Loss = C.P. ̶ S.P
Profit = S.P. ̶ C.P.
Loss = C.P. ̶ S.P

7. Given:- Cost Price(CP) =190 , Selling price(SP)=250
Example 2: Find profit/loss and its value when Cost price is Rs 190 and
Selling price is Rs 250
Solution
Given:- Cost Price(CP) =190 , Selling price(SP)=250
To Find:- profit/loss and its value
Since SP>CP there is Profit
Profit(P) = Selling Price(SP) - Cost Price(CP) =
= 60
Ans :- Profit(P) = Rs 60
Profit = S.P. ̶ C.P.
Loss = C.P. ̶ S.P

8. Given:- Cost Price(CP) =260 , Selling price(SP)=220
Example 3: Find profit/loss and its value when Cost price is Rs 260 and
Selling price is Rs 220
Solution
Given:- Cost Price(CP) =260 , Selling price(SP)=220
To Find:- profit/loss and its value
Since SP<CP there is Loss
Loss(L) = Cost Price(CP) - Selling Price(SP) =
= 40
Ans :- Loss(L) = Rs 40
Profit = S.P. ̶ C.P.
Loss = C.P. ̶ S.P

9. Try these 1) Find profit/loss and its value when Cost price is Rs 260
and selling price is Rs 190
2) Find profit/loss and its value when Cost price is Rs 350
and selling price is Rs 490