Answers
)
profit - sp-up
820 – 250
-
solit procentage
X100
- profit
CP Р
to
У 100
- X 100
410
to
1000 x100
1000
10
10% profit per
tonet xefit pereeltaise.
Answers
Answer:
Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).
Step-by-step explanation:
Calculating the profit or loss is all about calculating the change. In the profit and loss section, we have to understand that all of our calculations are based on the concepts of Selling Price, and Cost Price. The difference between the two determines if we have a situation of making a profit out of the transaction or will we just incur a loss. Other terms like the Marked Price, MRP and Discount are also very crucial and have been discussed in detail at other places. Let us recall these terms.
Cost Price: The price (amount) paid to purchase a product or the cost incurred in manufacturing a product is known as the cost price (CP) of that product.
Selling Price: The price at which a product sold is called selling price (SP) of the product.
Marked Price: The marked price or the mark-up price (MP) is the price that the shopkeeper/retailer fixes in the anticipation of some discount that they may be asked by a customer.