Question

❤Holå ❤




⭐write the formula of↪ profit and loss⭐





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Answer 1

Formulas of profit and loss are given below.

Formulas of profit and loss are given below.

When the Selling Price (SP) is greater than Cost Price (CP) the man makes a Profit or Gain.

Selling Price (SP) > Cost Price (CP) → Profit or Gain

Profit = Selling Price (SP) – Cost Price (CP)


If profit % is required to find then,

Profit % = (Profit/Cost Price) × 100


When the Selling Price (SP) is less than Cost Price (CP) the man suffers a Loss.

Selling Price (SP) < Cost Price (CP) → Loss

Loss = Cost Price (CP) - Selling Price (SP)



If loss % is required to find then,

Loss % = (Loss/CP) × 100



Depending on the formulas of profit and loss For let us consider some examples:

1. Mr. Smith bought a book for $ 85 and sold it for sold it for $ 115. Find his profit or loss percent.

Solution:

Cost Price (CP) = $ 85;

Selling Price (SP) = $ 115

Since SP > CP,

Therefore, Mr. Smith makes a profit.

Profit = Selling Price (SP) – Cost Price (CP)

= 115 – 85

= $ 30

Therefore, profit % = (Profit/Cost Price) × 100

= (30/85) x 100

= 35.29 %

Answers: 35.29 %

Answer 2

●Loss = Cost price (C.P.) – Selling Price (S.P.)
●Profit or Loss is always calculated on the cost price.
● profit = S.P-C.P

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