PROFIT & LOSS


Profit or Gain :

If selling price is greater than C.P., the seller is said to have a profit or gain.

Example :

If Rama sell a product or article in 50 rupees but the cost price is 40. Then Rama have a 10 rupees profit.

Here 50 rupees is the selling price (S.P) and 40 rupees is the cost price (C.P).

Loss :

If selling price is less than cost price the seller is said to have incurred a loss.

Example :

If Rama sell a product or article in 40 rupees but the cost price is 50. Then Rama have a 10 rupees loss.

Here 40 rupees is the selling price S.P and 50 rupees is the cost price C.P.

IMPORTANT FORMULAE

  1. Profit = (S.P.)- (C.P.)
  2. Loss = (C.P.)-(S.P.)
  3. Loss or profit is always depend on C.P.
  4. Profit Percentage:
    Profit % = (Profit x 100)/ C.P
  5. Loss Percentage:
    Loss % = (Loss x 100)/ C.P
  6. Selling Price:
    S.P = [(100 + Gain %/100) *C.P]
  7. Selling Price:
    S.P. = [(100 - Gain %/100) *C.P]
  8. Cost Price:
    C.P. = [100/(100 + Gain %) * S.P.]
  9. Cost Price:
    C.P. = [100/(100 - Gain %) * S.P.]
  10. If an article or product is sold at a gain of say 25%, then S.P. = 125% of C.P.
  11. If an article is sold at a loss of say, 25% then S.P. = 75% of C.P.






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