Bargaining by Consumer and Benefit get by Producer

Consumer surplus

The amount of the product the buyer give the maximum amount that buyer will pay for the product that has been deducted in the amount buyer actually pays for it at the time.
example:-
           if a person buys some vegetable;
                          potato-rs.15
                          carrot-rs.15
                          tomato-rs.20
                          brinjal-rs.50         
the total of all vegetable price was rs.100 and we are asking to deduct and give at rs.85 and we are getting consumer benefit of rs.15.

Producer surplus

The seller has been given some cost to the product and actually, he sold at some price to the buyer the surplus amount will get benefit by the seller is known as producer surplus.

example:-
         If we sell a shirt the M.R.P of that shirt was rs.1500 and shopkeeper he has to buy at rs.1200 and sell to the buyer at rs.1450. The seller will get the benefit of rs.250