all formula of profit and loss
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Answer:
Profit percentage formula: The profit percent can be calculated as: Profit % = 100 × Profit/Cost Price. Percentage Loss: The loss percent can be calculated as; Loss % = 100 × Loss/Cost Price.
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Answer:
Basic Definitions and Formulas
- Cost price (C.P.): This is the price at which an article is purchased.
- Selling price (S.P.): This is the price at which an article is sold.
- Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.
- Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.
- Profit or Loss is always calculated on the cost price.
- Marked price: This is the price marked as the selling price on an article, also known as the listed price.
- Discount or Rebate: This is the reduction in price offered on the marked or listed price.
Formula:
- Profit or Gain = S.P. – C.P.
- Loss = Cost price (C.P.) – Selling Price (S.P.)
- Gain % = (Gain / CP) * 100
- loss % = (Loss / CP) * 100
- SP = [(100 + Gain%) / 100] * CP
- SP = [(100 – Loss %) / 100]*CP
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