Selling price = N460.oo
Cost price = – N350.00
Profit (gain) = N110.00
Note: profit or gain = selling price – cost price
The selling is price is less than. Therefore, she will have less money with her. That is, she sold at a loss.
Cost price of wrist watch = N800.00
Selling price = N600.00
- The cost price of an article is is N450.30 and the selling price is N510. Find the profit or loss.
- Mallam jimoh bought a meter of cloth for N155.50 and sold it N147.75, what is the gain or loss?
- A car battery cost N3050. And it was sold for N 2895. What is the loss on the selling price.
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