Question

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Answer 1

Hey there!

Thanks for the question

The formulas we will be dealing around here is,

When SP > CP , Profit occurs, So Profit = SP - CP

When SP < CP, loss occurs, Loss = CP - SP

Profit % = Profit / C. P * 100

Loss % = Loss / CP * 100

The solution to the question is attached in the pic :)

Answer 2

$\textbf{\huge{ANSWER}}$

The formulae used in this answer are;

$\textbf{Condition:}$ SP > CP
$\textbf{Formula:}$ Profit = SP - CP
Profit % = Profit × 100 / CP

$\textbf{Condition:}$ SP < CP
$\textbf{Formula:}$ Loss = CP - SP
Loss %= Loss × 100 / CP

The answer is in the attachment.