shortcut trick for profit and loss

profit loss

2 Answers
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2 Answers
Top Voted Recent Answer
  • Cost Price The cost, at which an article is bought, is called its cost, abridged as C.P. Offering Price The cost, at which an article is sold, is called its offering costs, abridged as S.P. Benefit/pick up = SP – CP Benefit % = Profit/(C P)×100 S P = (100+gain % )/100 ×C P C P = 100/(100+gain %)×S P Misfortune: In the event that the general Cost Price surpasses the offering cost of the purchaser then he is said to have incurredloss. Misfortune = C P – S P Misfortune % = LOSS/(C P)×100 S P = (100-misfortune %)/100×C P C P = 100/(100-misfortune %)×S P
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  • just keep the formula in your mind before solving profit and loss question.. Like

    Cost Price 
    The price, at which an article is purchased, is called its cost price, abbreviated as C.P.
    Selling Price
    The price, at which an article is sold, is called its selling prices, abbreviated as S.P.
    Profit/gain = SP – CP
    Profit % = Profit/(C P)×100
    S P = (100+gain % )/100  ×C P
    C P = 100/(100+gain %)×S P
    Loss: 
    If the overall Cost Price exceeds the selling price of the buyer then he is said to have incurredloss.
    Loss = C P – S P
    Loss % = LOSS/(C P)×100
    S P = (100-loss %)/100×C P
    C P = 100/(100-loss %)×S P
    2
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