PROFIT AND LOSS -IMPORTANT FACTS AND FORMULA

Cost Price: The price, at which an article is purchased, is called
its cost price, abbreviated as C.P.


Selling Price: The price at which an article is sold, is called its
Selling Price, abbreviated as S.P.

Profit or Gain: If S.P. is greater than C.P., the seller is said to
have a Profit or Gain.

Loss: If S.P. is less than C.P., the seller is said to have incurred a
loss.

  1. Gain = (S.P.) – (C.P.)
  2. Loss or gain is always reckoned on C.P.
  3. Gain % = [Gain*100/C.P.]
  4. Loss = (C.P.) – (S.P.)
  5. Loss% = [Loss*100/C.P.]
  6. S.P. = [(100+Gain %) /100] * C.P.
  7. S.P. = [(100-Loss %) /100] * C.P.
  8. C.P. = [100/ (100+Gain %)] * S.P.
  9. C.P. = [100/ (100-Loss %)]* S.P.

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