Page 3 - LN-10
P. 3
Example-1: Liza bought a freeze for ₹4500 and paid ₹500 for repairing the same and
sold it for ₹5670.Find her profit or loss?
Solution- Cost price of freeze = ₹4500
She paid for repairing = ₹500
Total cost price = CP+ Over head expense
=₹4500+ ₹500
= ₹5000
Selling Price= ₹5670
SP>CP
Profit= SP – CP
=₹5670- ₹5000
=₹670
Hence, she got a profit of ₹670.
Example-2: The cost price of a mobile phone is ₹24,500,selling price of the phone is
₹23,800.Find the profit or loss?
Solution: CP of the phone = ₹24,500
SP of the phone= ₹23,800
CP>SP
Loss= CP-SP
= ₹24,500 - ₹23,800
= ₹700
Hence, the loss is ₹700.
Profit and Loss Percentage :-
Profit Percentage- Profit on ₹100 is known as profit percentage.
It is always calculated on the cost price of the object.
Profit % = Amount of profit x 100
