Hemant Malhotra and R K Tyagi Solutions for Chapter: Profit and Loss, Exercise 1: Exercise-1

A refrigerator worth $\mathrm{₹}16900$ is sold by a shopkeeper with a profit of $\mathrm{₹}650$. Selling price of refrigerator is_____.

Fill in the blanks in the following:
By selling a watch for $₹6054$, a shopkeeper earned $₹540$ as profit. Cost price of the watch is $₹$_____

Karan bought a table for $\mathrm{₹}600$. He sold it with profit of $\mathrm{₹}70.50.$ Selling price of the table is_____.

Profit $=\mathrm{C}.\mathrm{P}.-\mathrm{S}.\mathrm{P}.$

Loss $=\mathrm{C}.\mathrm{P}.+\mathrm{S}.\mathrm{P}.$

S.P. $=\mathrm{C}.\mathrm{P}.+\mathrm{Profit}$ 

$\mathrm{C}.\mathrm{P}.=\mathrm{S}.\mathrm{P}.+\mathrm{Loss}$

(C.P. means Cost price and S.P. means Selling price)

Profit and loss both are calculated with respect to the selling price.