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Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss?
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Anil bought a basket of fruit for 175.25 and sold if for 150.50 find h...
Calculating Profit and Loss
Cost Price (CP):
- Anil bought the basket of fruit for 175.25.
- Therefore, the Cost Price (CP) = $175.25.
Selling Price (SP):
- Anil sold the basket of fruit for 150.50.
- Therefore, the Selling Price (SP) = $150.50.
Calculating Profit or Loss:
- To calculate profit or loss, we use the formula:
Profit = SP - CP
Loss = CP - SP
Substitute the Values:
- Profit = 150.50 - 175.25 = -24.75
- Loss = 175.25 - 150.50 = 24.75
Interpreting the Result:
- In this case, Profit = -$24.75, which means Anil incurred a loss of $24.75.
Conclusion:
- Anil made a loss of $24.75 by selling the basket of fruit for $150.50 after buying it for $175.25.
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Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss?
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Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss?.
Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss? for Class 5 2024 is part of Class 5 preparation. The Question and answers have been prepared according to the Class 5 exam syllabus. Information about Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss? covers all topics & solutions for Class 5 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anil bought a basket of fruit for 175.25 and sold if for 150.50 find his profit and loss?.
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