How these formulas are derived?of profit and loss all formulas please?
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1)Gain%=(sp)-(cp)
Answers
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
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.