##### What is Profit & Loss

**rofit**. Sometimes, an article is sold for the less than the amount paid for it while buying the damage, in that case is called

**Loss.**

If the selling price is less than the cost price, there is loss.

**Loss = Cost Price – Selling Price**

If selling is more than the cost price then there is Profit

**Profit = Selling Price – Cost Price**

a) 1%

b) 2%

c) 3%

d) 4%

**Answer:** Option **D**

**Explanation:**

So we have C.P. = 27.50

S.P. = 28.60**Gain** = 28.60 – 27.50 = Rs. 1.10

a) 100

b) 250

c) 200

d) 124

Ans : C

Explanation:

He bought bananas for rupees 1000

Hence,

Cost Price = 1000

Selling Price = 800

Cost Price is Greater than selling price. Therefore, Suraj suffer a loss.

Loss = Cost Price – Selling Price

Loss = 1000 – 8000

= 200

hence Suraj suffered loss of Rs. 200 in this transaction.

a) 2100

b) 1900

c) 2020

d) 2000

**Ans: D**

**Explanation:**

The cost price of 500 kg rice is Rs.22000.

Selling Price of 500 kg of rice is = 500 * 48 = Rs. 24000

Selling priceis greater than cost price.

Therefor, there is a profit.

Profit = Selling Price – Cost Price

24000 – 22000

=2000

In This Transaction, Ran made a profit of Rs. 2000.

a) 100

b) 450

c) 100

d) 500

**Answer: d**

**Explanation: **

Hence,

Cost Price= 2000, Selling Price = 2500

Selling price is the greater than the Cost Price.

Therefore, there is profit.

Profit = Selling Price – Cost Price

= 2500 – 2000

**= 500**

a) 10000

b) 12600

c) 12800

d) 11458

**Answer: c**

**Explanation:**

Total expenses while buying the machine

= Cost of machine + Octroi + Transport + Porterage

= 75000 + 1500 + 600 + 100

= Rs. 77200

That is Total cost price is Rs. 77200

Profit = Selling Price – Total Cost Price

=90000 – 77200

**= Rs. 12800**

Sudha Made Profit of 12800 in this transaction