Question

Given the following values, find the unknown values:

(i) C.P. = Rs 1200, S.P. = Rs 1350 Profit/Loss?

(ii) C.P. = Rs 980, S.P. = Rs 940 Profit/Loss =?

(iii) C.P. = Rs 720, S.P. =?, Profit = Rs 55.50

(iv) C.P. =? S.P. = Rs 1254, Loss = Rs 32

Answer 1

(i) Given CP = Rs. 1200, SP = Rs. 1350

Clearly CP < SP. So, profit.

Profit = SP – CP

= Rs. (1350 – 1200)

= Rs. 150

(ii) Given CP = Rs. 980, SP = Rs. 940

Clearly CP > SP. So, loss.

Loss = CP – SP

= Rs. (980 – 940)

= Rs. 40

(iii) CP = Rs. 720, SP =?, profit = Rs. 55.50

Profit = SP – CP

55.50 = SP – 720

SP = (55.50 + 720)

= Rs. 775.50

(iv) CP =?, SP = Rs. 1254, loss = Rs. 32

Loss = CP – SP

32 = CP – 1254

CP = (1254 + 32)

= Rs. 1286