Question

formula of profit and loss

Answer 1

is it OK are u in 7standard

Answer 2

If C.P > S. P then there is loss.
Therefore, loss can be calculated in C.P.
So, Loss = C.P - S.P

EXAMPLE: If I bought a pen at Rs 10 and sold at Rs 8 to someome.
SOL: Here, S.P < C.P or C.P>S.P
Thus, loss = Rs 10 - Rs 8 = Rs 2.

Whereas, the opposite of loss is proft.

EXAMPLE: If You bought a motor cycle at Rs 50,000 and sold to customer at Rs 75,000
SOL: Here, S.P > C. P or C. P < S.P
Thus, Profit = S.P - C.P
Profit = Rs 75,000 - Rs 50, 000
Profit = Rs 25000.

Note: Loss = C.P - S.P.
Profit = S.P - C.P.