Question

profit and loss formula​

Answer 1

Answer:

profit=sp-cp

loss=cp-sp

Answer 2

Answer:

Here are some of the most important Formulas of Profit and Loss used in solving any question on profit and loss.

1) Gain = (S.P) – (C.P)

2) Loss = (C.P) – (S.P)

3) Loss or gain is always reckoned on C.P

Explanation:

Gain percentage = (gain*100)/C.P

Loss percentage = (Loss*100)/C.P

Selling Price = ((100+Gain%)/100)*C.P

Selling Price = ((100-Loss%)/100)*C.P

Cost Price = (100/(100+Gain%))*S.P

Cost Price = (100/(100-Loss%))*S.P

4) If an article is sold at a gain of say 35%, then the selling price = 135% of C.P. Similarly, if an article is sold at a loss of say 35%, then selling price = 65% of C.P. For example, have a look at the below diagram.

formulas-of-profit-and-loss

Here SP = CP can also be written as SP = 1 CP.

If SP = 1.3 CP then 0.3 is more than 1. It is definitely profit and the profit is 0.3 and in percentage, it is 30% i.e (0.3 x 100).

If SP = 0.8 CP then 0.2 is less than 1. It is definitely a loss and the loss is 0.2 and in percentage, it is 20% i.e (0.2 x 100