CONDITIONS:
Profit
Example :
The cost price of the article is Rs 55 and the selling price is Rs 65. Find the profit.
Solution:
The cost price is Rs 55.
The selling price is Rs 65.
Since, the selling price is more than the cost price then there is a profit.
Subtract 55 from 65 to get the profit.
65 – 55 = 10
Therefore, profit = Rs 10.
Loss
Example : The cost price of the article is Rs 100 and the selling price is Rs 85. Find the loss.
Solution:
The cost price is Rs 100.
The selling price is Rs 85.
Since, the selling price is less than the cost price then there is a loss.
Subtract 85 from 100 to get the loss.
100 – 85 = 15
Therefore, loss = Rs 15.
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