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Example
If the buying price (or CP) of a table is Rs 700 and the selling price (or SP) is Rs 820,
then find the profit or loss.
Solution
As the SP is more than CP, so the seller earns the profit in the table.
Profit made = SP – CP
= Rs 820 – Rs 700
= Rs 80
As we know profit and loss percentage depend upon cost price.
Example
If the cost price of a laptop is Rs.45000 and the selling price is Rs. 50000, then what
is the profit or loss percentage?
