Question

how do we find CPand SPProfit and loss?​

Answer 1

Answer:

Cost Price:

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

Selling Price:

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

Profit or Gain:

If S.P. is greater than C.P., the seller is said to have a profit or gain.

Loss:

If S.P. is less than C.P., the seller is said to have incurred a loss.

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 100

C.P.

Loss Percentage: (Loss %)

Loss % = Loss x 100

C.P.

Selling Price: (S.P.)

SP = (100 + Gain %) x C.P

100

Selling Price: (S.P.)

SP = (100 - Loss %) x C.P.

100

Cost Price: (C.P.)

C.P. = 100 x S.P.

(100 + Gain %)

Cost Price: (C.P.)

C.P. = 100 x 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 = x 2 .

10 10

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

Gain % = Error x 100 %.

(True Value) - (Error)

Answer 2

Explanation:

profit = Sp - Cp

loss = Cp - Sp

gain% = ( gain/cp × 100)

loss% = (loss/cp × 100)

sp = [ (100 + g%)÷100 × cp]