Question

if sp and cp is given then write the stepsto find profit% and loss%

Answer 1

profit= profit\ cp * 1000
loss= loss\ cp* 100

Answer 2

Hey dear!!

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Here's your answer >>

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Case 1
When the selling price and the cost price is provided and the selling price is greater than the cost price, we know, that a profit is made.

To find the profit, the formula is SP - CP.

When you have found the profit, you can find the profit% by using the following formula:

Profit/CP × 100

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Case 2
When the selling price and the cost price is provided and the cost price is greater than the selling price, we know, that a loss is made.

To find the loss, the formula is CP - SP.

When you have found the loss, you can find the loss% by using the following formula:

Loss/CP × 100

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Note: Whether it be profit or loss, the profit or loss would always be divided by the cost price only in order to get the profit or loss percent.

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Hope helped!!