Formulas For Profit and Loss

Formulas For Profit And Loss

August 4, 2020

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.

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.

Profit or Gain: SP – CP
Loss – CP – SP
Percentage Profit or Gain Percentage –
Gain x 100
C.P.
Loss Percentage –
Loss x 100
C.P.
C.P in Case of Gain =
(100) x S.P.
(100 + Gain)
C.P in Case of Loss =
(100) x S.P.
(100 – Loss)
S.P in Case of Gain =
(100 + Gain) x C.P.
(100)
S.P in Case of Loss =
(100 – Loss) x C.P.
(100)
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 = $( \frac{x}{10})^2$

	(100)	x S.P.
	(100 + Gain)

	(100)	x S.P.
	(100 – Loss)

	(100 + Gain)	x C.P.
	(100)

	(100 – Loss)	x C.P.
	(100)