Question

The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.

Cost Price (in Rs.)	Selling Price (in Rs)	Profit or Loss	How much?
4100	4090

Answer 1

Cost price = Rs 4100; Selling price = Rs 4090

Here selling price is less than cost price, so there is a loss.

Loss = Cost price − Selling price

= 4100 − 4090

= Rs 10

Hence, there is a loss of Rs 10.

Cost Price (in Rs.)	Selling Price (in Rs)	Profit or Loss	How much?
4100	4090	Loss	Rs. 10