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# Formulas For Profit And Loss

## Formulas for Profit and Loss Questions

Important Formulas for Profit and Loss are given here on this page.

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

**Selling Price** – The price at which the commodity is sold at known as Selling Price

**What is Profit :- **Ex.If a shopkeeper brings a cloth for Rs.100 and sells it for Rs.120, then he has made a profit of Rs.20/-.

**What is Loss:- **If a salesperson has bought a textile material for Rs.300 and he has to sell it for Rs.250/-, then he has gone through a loss of Rs.50/-.

**Formulas for Profit and Loss**

**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. C.P in case of gain:

\left (\frac{100}{100 + Gain} \right )\times S.P### 2. C.P in case of Loss:

\left (\frac{100}{100 – Loss} \right )\times S.P### 3. S.P in case of Gain:

\left (\frac{100 + Gain}{100} \right )\times C.P### 4. S.P in case of Loss:

\left (\frac{100 – Loss}{100} \right )\times C.P## Other Important Formulas

**1. 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**

**2. Discount Percentage :**

**3. Successive discounts:**

If d1% , d2% d3%are successive discounts on marked price,Selling price=marked price \left ( \frac{100-d_{1}}{100}\right )\times \left ( \frac{100-d_{2}}{100}\right )\times \left ( \frac{100-d_{3}}{100}\right )

**Note:**

(a) If there is no discount, the marked price is equal to the selling price

(b) Discount is always calculated on marked price unless otherwise stated.

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

**Read Also: How to solve Profit and Loss questions quickly**

**Read Also: Questions On Profit and Loss**

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