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Profit If the selling price (S.P.) of an...

Profit If the selling price (S.P.) of an article is greater than the cost price (C.P.) the difference between the selling price and cost price is called profit.

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If the selling price of an article is greater than the cost price, the difference between selling price and cost price is called profit. If S.P. = Rs.3840, Profit = Rs. 62 then C.P. =

Loss If the selling price (S.P) of an article is less than the cost price (C.P) the difference between the cost price (S.P.) is called loss.

Knowledge Check

  • If selling price is Rs 840 and profit is 5%, then what is the cost price?

    A
    750
    B
    800
    C
    810
    D
    900

  • If selling price is Rs 840 and profit is 5%, then what is the cost price?

    A
    750
    B
    800
    C
    810
    D
    900

  • If the selling price of 20 articles is the same as the cost price of 23 articles, find the profit per cent.

    A
    0.15
    B
    0.16
    C
    0.08
    D
    0.12

    • Similar Questions

    Explore conceptually related problems

    Assertion : Rekha bought a saree for 1240 and sold it for 1147. Her loss is 93. Reason : If the selling price of an article is less than the cost price, then the difference between the cost price and the selling price is called profit.

    If SPgtCP , then the difference between the selling price and the cost price is ____________.

    The marked price of an article is 150% more than the cost price and the discount given on the marked price is 30%. If the difference between selling price and cost price is Rs.525, find the cost price of the article.

    If the ratio between the profit and selling price of an article is 1:5, then the ratio between the sell ing price and the cost price of that article is:

    The selling price of 13 articles is same as the cost price of 23 article. What is the profit percentage?

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