Question

How we solve the problem of profit and loss and profit percent?

Answer 1

Formulas are :
Profit = Selling price - Cost price
Loss = Cost price - selling price
Profit percent = Profit / Cost price *100

Answer 2

Hey !!
Here is your answer !!


To solve the problems of profit and loss we first have to check out the information given in the question !!

if selling price greater than cost price then profit and if cost price is more than selling price then loss

How to calulate ?

Profit --- Selling price - Cost price
loss --- cost price - selling price

Profit percentage -- profit / cost price * 100

loss percantage --- loss / cost price * 100
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hope it helps u !!!