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
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