class 8 maths cost price selling price table
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Answer:
sp cp Ashish chanchal fan like
Important Formulae;
Following are the main and important concepts that we shall recall over and over.
Cost Price: The price at which an article is purchased, is called its cost price (C.P.).
Selling Price: Price at which an article is purchased is known as its selling price (S.P.).
Profit or Gain: If SP is greater than CP then the seller is said to have profit or gain.
Loss: If SP is less than CP the seller is said to have incurred Loss.
On the basis of these concepts, we have the following concepts:
A) Gain = SP – CP
B) Loss = CP –SP
C) Loss or gain is always calculated over CP.
D) %Gain = {(Gain*100)/CP}
E) %Loss = {(Loss*100)/CP}
F) SP = {(100 %Gain)/100}*CP
G) SP = {(100-%Loss)/100}*CP
H) CP = {100/(100 %Gain)}*SP
I) CP ={100/(100-%Loss)}*SP
J) If an article is sold at a gain of say, 20%, then SP = 120% of CP.
K) If an article is sold at a loss of say, 20%, then SP = 80% of CP.
Step-by-step explanation: