Question

formulas for profit and loss.

Answer 1

Gain = (S.P.) - (C.P.)

Loss = (C.P.) - (S.P.)

Loss or gain is always reckoned on C.P.

Gain Percentage: (Gain %) Gain % = Gain x 100. C.P.

Loss Percentage: (Loss %) Loss % = Loss x 100. C.P.

Selling Price: (S.P.) SP = (100 + Gain %) x C.P. ...

Selling Price: (S.P.) SP = (100 - Loss %) x C.P. ...

Cost Price: (C.P.) C.P. = 100.

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Answer 2

Profit = S.P - C.P.
loss = C.P. - S.P.