# To Find profit or loss when cost price and sell price are given

(i) When Selling Price > Cost Price, there is **profit** and it is given by

Selling Price – Cost Price

(ii) When Selling Price > Cost Price, there is a **loss** and is given by

Cost Price – Selling Price

**Example :** A man buys a toy for Rs.25 and sells it for Rs.30 . Find his profit.

**Solution** **:** Now, following the above formula (i), we have profit = Rs. 30 – Rs. 25 = Rs. 5