# Formulas For Profit And Loss

## Formulas for Profit and Loss Questions

Cost Price – The price at which a commodity or object is bought at known as Cost Price or CP

Selling Price – The price at which the commodity is sold at known as Selling Price or SP. ### Profit and Loss Formulas

• Cost Price – It is basically the price at which a commodity or object is bought at. e.g. Shopkeeper buying Sugar from Farmer to sell in his grocery store. In its short form it is denoted as C.P.
• Selling Price – The price at which the commodity is sold at. e.g. Shopkeeper selling sugar to his customer. In its short form is denoted as S.P.
• Gain or Profit – If Cost Price is lesser than Selling Price, gain is made.
• Loss – If Cost price is greater than the Selling price, Loss is incurred.

### Formulas for Profit and Loss

1. Profit or Gain: SP – CP
2. Loss – CP – SP
3. Percentage Profit or Gain Percentage Gain x 100 C.P.
4. Loss Percentage – Loss x 100 C.P.
5. C.P in Case of Gain = (100) x S.P. (100 + Gain)
6. C.P in Case of Loss = (100) x S.P. (100 – Loss)
7. S.P in Case of Gain = (100 + Gain) x C.P. (100)
8. S.P in Case of Loss = (100 – Loss) x C.P. (100)
9. If you sell two same items, first at x% profit and 2nd one at x% loss. Then a loss is incurred always, which is given by = $( \frac{x}{10})^2$

Read Also : Tips & Tricks to solve profit and loss.

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