Finding Profit or Loss When C.P. and S.P. Are Given

Formulas

Profit = S.P. – C.P.

Loss = C.P. – S.P.

Illustrative Examples

Example 1: Find the profit when C.P. is Rs 4575 and S.P. is Rs 5930.

Solution.   

Profit = S.P. — C.P.
           = Rs 5930 — Rs 4575
           = Rs 1355

        So, the profit is Rs 1355.

Example 2: Find the loss when C.P. is Rs 3860 and S.P. is Rs 9849.

Solution.   

Loss = C.P. — S.P.

          = Rs 3860 — Rs 3849

          = Rs 11

        So, the loss is Rs 11.

Example 3: Find the profit or loss when C.P. is Rs 4500 and S.P. is Rs 4729.

Solution.  Here,  S.P. > C.P. So, there is profit.

  Profit = S.P. — C.P.

             = Rs 4729 — Rs 4500
             = Rs 229

        So, the profit is Rs 229.