profit is 5% of s.p
find the profit and loss
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Answer:
finding profit or loss percent we use the following formula:-
Profit % = P % = (Profit / C.P ) x 100
Loss % = L % = ( Loss /C.P )x 100
Where, P% = Profit percent
P = Profit
C.P. = Cost Price
L % = Loss per cent
L = Loss
Examples on finding profit or loss percent
1) Find the gain or loss percent, if
C.P. = $ 400$ , S.P. = $ 500$
Solution :
We have, C.P. = $ 400$and S.P. = $ 500$.
Since, S.P. > C.P.
Therefore, there is gain or profit.
Profit = S.P. – C.P.
2) C.P. = $ 200$ , S.P. = $ 150 $
Since, C.P. = $ 200$ and S.P. = $ 150$.
As c.p > s.p so there is loss.
Loss = C.P. – S.P.
= $ 200 $- $ 150$
= $ 50 $
∴ Loss per cent = Loss / C.P. x 100
= 50 / 200 x 100
= 25%
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