PROFIT AND LOSS -----

These are the important formulas for Profit and Loss problems

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 purchased, is called its cost price, abbreviated as C.P.

Profit or Gain : The price at which an article is purchased, is called its cost price, abbreviated as C.P.

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

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1. Gain = (S.P.) - (C.P.)

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2. Loss or gain is always reckoned on C.P.

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3. gain% = [Gain*100/C.P.]

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4. Loss = (C.P.) - (S.P.)

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5. Loss% = [Loss*100/C.P.]

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6. S.P. = (100+Gain%)/100 * C.P.

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7. S.P. = (100-Loss%)/100 * C.P.

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8. C.P. = 100/(100+Gain%) * S.P.

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9. C.P. = 100/(100-Loss%) * S.P.

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10. If an article is sold at a gain of say, 35%, then S.P. = 135% of C.P

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11. If an article is sold at a loss of say, 35%, then S.P. = 65% of C.P;

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