Question

How these formulas are derived?of profit and loss all formulas please?

Give best explanations and easy to understand

prize 50 points

who give best explanations and easy to understand i will give you brainlist???

Be care fully??

1)Gain%=(sp)-(cp)

Answer 1

When the Selling Price (SP) is greater than Cost Price (CP) the man makes a Profit or Gain
Selling price (SP) is greater then Cost price (CP)= Profit or Gain
Profit = Selling price - Cost price

Profit% = (Profit/CP)× 100

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

Cost price is greater than selling price = Loss

Loss= cost price - selling price..


If loss % is required to find then,

Loss = (loss/CP)× 100

Answer 2

hi mate,

Answer:

Basic Definitions and Formulas

Cost price (C.P.): This is the price at which an article is purchased.

Selling price (S.P.): This is the price at which an article is sold.

Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.

– C.P.

Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.

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

Profit or Loss is always calculated on the cost price.

Marked price: This is the price marked as the selling price on an article, also known as the listed price.

Discount or Rebate: This is the reduction in price offered on the marked or listed price.

Below is the list of some basic formulas used in solving questions on profit and loss:

Gain % = (Gain / CP) * 100

Loss % = (Loss / CP) * 100

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

SP = [(100 – Loss %) / 100]*CP

The above two formulas can be stated as,

If an article is sold at a gain of 10%, then SP = 110% of CP.

If an article is sold at a loss of 10%, then SP = 90% of CP.

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

CP = [100 / (100 – Loss%)] * SP

i hope it helps you.