Question

Given the following values, find the unknown values:
(i) C.P. = Rs 1200, S.P. = Rs 1350, Profit/Loss = ?
(ii) C.P. = Rs 980, S.P. = Rs 940, Profit/Loss = ?
(iii) C.P. = Rs 720, S.P. = ?, Profit = Rs 55.50
(iv) C.P. = ? S.P. = Rs 1254, Loss = Rs 32

Answer 1

(i) CP = Rs.. 1200, SP = Rs.. 1350
CP < SP. So, profit.
Profit = Rs. (1350 - 1200) = Rs. 150

(ii) CP = Rs. 980, SP = Rs. 940
CP > SP. So, loss.
Loss = Rs. (980 - 940) = Rs. 40

(iii) CP = Rs. 720, SP = ?, profit = Rs. 55.50
Profit = SP - CP
⇒ Rs. 55.50 = SP - Rs. 720
⇒ SP = Rs. (55.50 + 720) = Rs. 775.50

(iv) CP = ?, SP = Rs. 1254, loss = Rs. 32
⇒ Loss = CP - SP
⇒ Rs. 32 = CP - Rs. 1254
⇒ CP = Rs. (1254 + 32) = Rs. 1286