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**Formula**:

\(\text{Discount}\) \(=\) \(\text{M.P.}\) \(-\) \(\text{S.P.}\)

\(\text{S.P.}\) \(=\) \(\text{M.P.}\) \(-\) \(\text{Discount}\)

**1.**C.P.

**\(=\) \(Rs.1300\)**

M.P.

**\(= Rs.1400\)**

Discount

**(in****\(Rs.\)**)**\(= Rs.40\)**

Find S.P. and profit or loss.

\(\text{S.P.}\) \(=\) \(\text{M.P.}\) \(-\) \(\text{Discount}\)

\(= 1400 - 40\)

\(= Rs.1360\)

In this case, S.P. \(>\) C.P.

Therefore, there is a profit.

\(\text{Profit}\) \(=\) \(\text{S.P.}\) \(-\) \(\text{C.P.}\)

\(= 1360 - 1300\)

\(= Rs.60\)

**2.**C.P.\(=\) \(Rs.1200\)

M.P.\(= Rs.1250\)

Discount (in \(Rs.\)) \(= Rs.100\)

Find S.P. and profit or loss.

\(\text{S.P.}\) \(=\) \(\text{M.P.}\) \(-\) \(\text{Discount}\)

\(= 1250 - 100\)

\(= Rs.1150\)

In this case, C.P. \(>\) S.P.

Therefore, there is a loss.

\(\text{Loss}\) \(=\) \(\text{C.P.}\) \(-\) \(\text{S.P.}\)

\(= 1200 - 1150\)

\(= Rs.50\)