Question

Hiw to find profit and loss percentage?

Answer 1

IMPORTANT FORMULAE

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 100C.P.

Loss Percentage: (Loss %)

    Loss % =Loss x 100C.P.

Selling Price: (S.P.)

    SP =(100 + Gain %)x C.P100

Selling Price: (S.P.)

    SP =(100 - Loss %)x C.P.100

Cost Price: (C.P.)

    C.P. =100x S.P.(100 + Gain %)

Cost Price: (C.P.)

    C.P. =100x S.P.(100 - Loss %)

If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.

If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.

When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:

    Loss % =Common Loss and Gain %2=x2.1010

If a trader professes to sell his goods at cost price, but uses false weights, then

    Gain % =Errorx 100%.(True Value) - (Error)