Question

A shopkeeper bought a table for 250.50 he sold it for 300.50 find his profit and loss

Answer 1

Profit = 300.5-250.5= 50
Loss = 250.50-50 = 200.50

Answer 2

Answer:

Profit = selling price - buying price

Profit = 300.50 - 250.50

Profit = 50

He sold the table at a Profit of 50, hence he has no loss.