Question

formula of profit or loss

Answer 1

Loss = Cost price (C.P.) – Selling Price (S.P.)

Profit or Gain = S.P. – C.P.

Gain % = (Gain / CP) * 100
Loss % = (Loss / CP) * 100
SP = [(100 + Gain%) / 100] * CP
SP = [(100 – Loss %) / 100]*CP

CP = [100 / (100 + Gain%)] * SP
CP = [100 / (100 – Loss%)] * SP

Answer 2

LOSS = C.P. - S.P. (cost price - selling price)

PROFIT = S.P. - C.P.(selling price - cost price)


Hope it will help you

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