## An article bought for Rs 300 was sold for Rs 210. Find the profit/loss amount.​

Question

An article bought for Rs 300 was sold for Rs 210. Find the profit/loss amount.

in progress 0
2 years 2021-07-15T15:21:43+00:00 2 Answers 0 views 0

## Given:–

An article bought for 300 was sold for 210. Find the profit/loss amount.

## ToFind:–

The profit/loss amount.

## Note:–

If a sold amount is more than of amount which is used for bought, then it is called as profit.

If a sold amount is less than of amount which is used for brought, then it is called as loss.

Sold amount is also known as S.P. ( Selling price ), Brought amount is also known as C.P. ( Cost price )

For finding the profit = ( sold amount or S.P. ) ( brought amount or C.P. )

For finding the loss = ( Brought amount or C.P. ) ( Sold amount or S.P. )

## Solution:–

### C.P.orbroughtamount=₹300,S.P.orSoldamount=₹210.

As we compare the amount~

▪︎

### C.P.orbroughtamountisgreaterthanS.P.orsoldamount.

_______________________________________________________

So, according to note second and fifth point ( C.P. is greater so loss is there)~

▪︎

▪︎

After doing calculations~

▪︎

Hence, the article is Loss and the Loss amount =

🙂