- Cost Price: The price, at which an article is purchased, is called its cost price or C.P.
- Selling Price: The price, at which an article is sold, is called its selling price or S.P.
- Profit or Gain: If S.P. is greater than C.P., the seller is said to have a profit or gain. S.P.>C.P.
- Loss: If S.P. is less than C.P., the seller is said to have incurred a loss. C.P.>S.P.

### 1.

Profit= Selling Price - Cost Price

Profit= Selling Price - Cost Price

Profit= 500-425

Profit=75 Rs.

**If the S.P. of a shirt is 500 Rs. and C.P. is 425 Rs. Find the Profit or Loss.**__Example:__**S.P.>C.P. (Profit)**__Solution:__Profit= Selling Price - Cost Price

Profit= 500-425

Profit=75 Rs.

### 2.

Loss= Cost Price - Selling Price

S.P. of a copy= 175/7 = 25 Rs.

C.P>S.P. (Loss)

Loss= Cost Price - Selling Price

Loss= 30-25

Loss = 5 Rs.

5×8 = 40 Rs.

**If the shopkeeper purchased a dozen copy for 360 Rs. and sold 7 copies for 175 Rs. What is the total Profit/Loss of 8 copies?**__Example:__**C.P. of a copy= 360/12 = 30 Rs.**__Solution:__S.P. of a copy= 175/7 = 25 Rs.

C.P>S.P. (Loss)

Loss= Cost Price - Selling Price

Loss= 30-25

Loss = 5 Rs.

5×8 = 40 Rs.

### 3.

**If the S.P. of a shirt is 625 Rs and C.P. is 500 Rs. What is the Profit %?**

__Example:__Profit = 625-500 =125 Rs.

Profit % = 25%

### 4.

**If a person purchased a cycle for 2000 Rs. and sold it at 15% loss. Find the Loss.**

__Example:__Loss= 400 Rs.

### 5.

**If Mohan purchased a table for 400 Rs. and sold it to Sohan at 10% profit. What is the S.P.?**

__Example:__S.P. = 440 Rs.

### 6.

**If Aabha purchased a cooler for 600 Rs. and sold it to Sohan at 15% loss. What is the S.P.?**

__Example:__S.P. = 510 Rs.

### 7.

**Navya sold a computer for 22000 Rs. at 10% profit. What is the C.P of that computer?**

__Example:__

__Solution:__**Saumya sold his plot for 2,00,000 Rs. at 20% loss. Find the C.P.**

__Example:__C.P. = 250000 Rs.

### 9.

**M.R.P of an article is 20% more than the C.P. If the C.P. of that article is 200 Rs. and a person purchased it after discount of 36 Rs. Find the Discount %.**

__Example:__

__Solution:__C.P. = 200, M.R.P. = 200×120%=240

=15%