shortcut trick for profit and loss

profit loss

Ankit
15 Jul
1312 Views
2 Answers

Your Answer

Shruti
23 Sep

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