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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 . 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

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Solution

## 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

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