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SAI INTERNATIONAL SCHOOL

Subject – Mathematics

Chapter – MONEY

Sub-topic-10:- PROFIT & LOSS-

 Cost Price-(C.P.)-The price at which the shopkeeper invests is called cost price.

 Selling Price-(S.P.)- The price at which the shopkeeper sells his good is called
the selling price.

 Profit- Profit occurs when the selling price is more than cost price.

 SP > CP

Profit= Selling Price- Cost Price

= SP-CP

Example-1: If SP=₹678 , CP= ₹578.Then Profit =?

Solution- SP=₹678

CP= ₹578

Here, SP > CP

Profit= SP-CP

=₹678 -₹578=₹100

 Loss- Loss occurs when the cost price is greater than selling price.

 CP > SP

Loss= Cost Price- Selling Price

=CP- SP

Example-1: If CP=₹688 , SP= ₹578.Then Loss =?