Question

how to solve the loss ​

Answer 1

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

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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.