Important formula of profit and loss.
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Formula:
- Loss = Cost price (C.P.) – Selling Price (S.P.)
Profit or Loss is always calculated on the cost 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.
Step-by-step explanation:
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