Question

What is formula of gain ​

Answer 1

Formula: Profit or Gain = S.P. – C.P. Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.

Answer 2

Answer:

gain means to express the profit or the gain in the form of percentages. When SP < CP → Loss = CP – SP.

Similalry, when SP > CP → Profit = SP – CP.

Profit% = [Profit/CP] × 100

Loss% = [Loss/CP] × 10

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