all the formulas of profit and loss
Answers
Gain = (S.P.) - (C.P.)
Loss = (C.P.) - (S.P.)
Loss or gain is always reckoned on C.P.
Gain Percentage: (Gain %)
Gain % = Gain x 100
C.P.
Loss Percentage: (Loss %)
Loss % = Loss x 100
C.P.
Selling Price: (S.P.)
SP = (100 + Gain %) x C.P
100
Selling Price: (S.P.)
SP = (100 - Loss %) x C.P.
100
Cost Price: (C.P.)
C.P. = 100 x S.P.
(100 + Gain %)
Cost Price: (C.P.)
C.P. = 100 x S.P.
(100 - Loss %)
If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.
If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:
Loss % = Common Loss and Gain % 2 = x 2 .
10 10
If a trader professes to sell his goods at cost price, but uses false weights, then
Gain % = Error x 100 %.
(True Value) - (Error)