Question

maths profit and loss

Answer 1

Terms you need to know:
Cost price(CP) = price at which article was bought
Selling price(SP) = price at which article was sold.
Profit = S.P - C.P (if SP>CP)
Loss = C.P - S.P (if CP>SP)
profit % = $\frac{profit}{CP}$ × 100
loss % = $\frac{loss}{CP}$ × 100