Question

Which of these denote the condition for profit?

• A. Cost Price $=\text{Rs.}1999,$ Selling Price $=\text{Rs.}1458$
• B. Selling Price $=\text{Rs.}\frac{2400}{4},$ Cost Price $=\text{Rs.}\frac{7200}{12}$
• C. Cost Price $=\text{Rs.}1234,$ Selling Price $=\text{Rs.}1245$
• D. Selling Price $=\text{Rs.}\frac{5600}{14},$ Cost Price $=\text{Rs.}\frac{5500}{11}$

Answer 1

The correct option is C

Cost Price $=\text{Rs.}1234,$ Selling Price $=\text{Rs.}1245$

Whenever, Selling Price$(S.P.)$ of an article is more than the Cost Price$(C.P.)$, i.e. $S.P.>C.P.$, then the difference between them$(S.P.-C.P.)$ is the profit.

And, when Cost Price$(C.P.)$ is more than the Selling Price$(S.P.)$, i.e. $C.P.>S.P.$, then the difference $(C.P.-S.P.)$ is the loss.

But, when $C.P.=S.P.$, then there is neither loss nor profit.

In Option $C,$ Cost Price $=\text{Rs.}1234,$ Selling Price $=\text{Rs.}1245$

Since, $S.P.>C.P.,$ it is a condition of profit.