Question

what are the formulaso of profit and loss​

Answer 1

Answer:

Step-by-step explanation:

Gain = (S.P.) - (C.P.)

Loss = (C.P.) - (S.P.)

Loss or gain is always reckoned on C.P.

Gain Percentage: (Gain %)

Gain % = Gain x 100

C.P.

Loss Percentage: (Loss %)

Loss % = Loss x 100

C.P.

Selling Price: (S.P.)

SP = (100 + Gain %) x C.P

100

Selling Price: (S.P.)

SP = (100 - Loss %) x C.P.

100

Cost Price: (C.P.)

C.P. = 100 x S.P.

(100 + Gain %)

Cost Price: (C.P.)

C.P. = 100 x S.P.

(100 - Loss %)

Answer 2

profit=sp-cp

loss=cp-sp