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 .

Ex.	Cost Price (in Rs)	Selling Price ( in Rs)	Profit or Loss	How Much ?
1.	4500	5000
2.	4100	4090
3.	700	799
4.	1000	920

Answer 1

1. 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.

2. Cost price = Rs 4100; Selling price = Rs 4090
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 4100 − 4090
= Rs 10
Hence, there is a loss of Rs 10.

3. Cost price = Rs 700; Selling price = Rs 799
Here selling price is more than cost price, so there is a profit.
Profit = Selling price − Cost price
= 799 − 700
= Rs 99
Hence, there is a profit of Rs 99.

4. Cost price = Rs 1000; Selling price = Rs 920
Here selling price is less than cost price, so there is a loss.
Loss = Cost price − Selling price
= 1000 − 920
= Rs 80
Hence, there is a loss of Rs 80.

The complete table is shown below.

Ex.	Cost Price (in Rs)	Selling Price ( in Rs)	Profit or Loss	How Much ?
1.	4500	5000	Profit	Rs 500
2.	4100	4090	Loss	Rs 10
3.	700	799	Profit	Rs 99
4.	1000	920	Loss	Rs 80