Profit and Loss

By selling almirah for $₹1500$. Charu loses $\frac{1}{6}$ of its cost price. Find the cost price of the almirah $(\mathrm{in} ₹)$.

Check the following statements true or false.
If there is no profit and no loss, then $\mathrm{CP}=\mathrm{SP}$ of the article.

Check the following statements true or false.
If an article is purchased for $₹310$ and overhead expenses are $₹10$ then CP of the article is $₹300$.

Check the following statements true or false.
$\mathrm{Loss}=\mathrm{CP}-\mathrm{SP}$

Check the following statements true or false.
$\mathrm{SP}+\mathrm{Loss}=\mathrm{CP}$

Check the following statements true or false.
$\mathrm{Loss}+\mathrm{CP}=\mathrm{SP}$

Check the following statements true or false.
$\mathrm{SP}=\mathrm{CP}+\mathrm{Profit}$

Check the following statements true or false.

$\mathrm{Profit}=\mathrm{CP}-\mathrm{SP}$