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Profit and Loss




some important definitions



Profit or Gain = selling price(S.P) - cost price(C.P)

Example:

S.P = 150, C.P = 20

Profit OR Gain = (150-120) = 30

Loss = Cost price(C.P) - Selling price(S.P)

Example:

C.P = 100, S.P = 90

Loss = (100-90) = 10



Note: Profit or Loss percent is always calculated on cost price(C.P).



Formulas:

(i) % of Profit = Profit x 100
 Cost price
(ii) % of Loss = Loss x 100
 Cost price

(iii) In case of profit:

(iv) In case of Loss: