# To find Cost Price or Selling Price when Profit or Loss is given

To find cost price or selling price when profit or loss is given are discussed here.

For example:

1. Maria sold a bicycle for $24900 at a profit of$ 600. Find the price at which she bought it.

Solution:

Selling Price = $24900 Profit =$ 600

Cost Price = Selling Price – Profit

Cost Price = 24900 – 600

= $24300 Therefore, Maria bought it at$ 24300.

Answer: $24300 2. Ron has a cycle worth$ 1800 and he wants to sell it at a profit of $220. What should cycles selling price be? Solution: Cost Price =$ 1800

Profit = $220 Selling Price = Cost Price + Profit Selling Price = 1800 + 220 =$ 2020

Selling price of the cycle = $2020 Answers:$ 2020

3. Diane sold a book worth $850 at a loss of$ 180. Find the selling price of the book.

Solution:

Cost Price = $850 Loss =$ 180

Since, Selling Price = Cost Price + Loss

Selling Price = 850 - 180

= $670 Therefore, selling price of the book =$ 670

Answers: $670 4. If a chair was sold for$ 990 at a loss of $110. Find the cost price of the chair. Solution: Selling Price =$ 990,

Loss = $110 Cost Price = Selling Price + Loss Cost Price = 990 + 110 =$ 1100

Therefore, cost price of the chair = $1100 Answers:$ 1100

Formulas of Profit and Loss.

To find Cost Price or Selling Price when Profit or Loss is given.

Worksheet on Profit and Loss.

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