All formula of profit and loss
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Step-by-step explanation and Answer:
Profit=Selling price-Cost price
%profit=Profit/Cost price*100%(use this when Both Cost and selling price is given)
%profit=Selling price-Cost price/Cost Price*100%(If Selling price or cost price is not given by forming an equation by naming one x)
Loss=Cost price-Selling price
%loss=Loss/Cost price * 100%(use this when Both Cost and selling price is given)
%loss=Cost Price-Selling Price/Cost price * 100%(If Selling price or cost price is not given by forming an equation by naming one x)
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