Arithmatical - Profit and Loss

CATEGORY

Important Facts and Formulae
1.

Cost Price :

The price, at which an article is purchased, is called its cost price, abbreviated as cost price.
2.

Selling Price :

The price, at which an article is sold, is called its selling prices, abbreviated as selling price.
3.

Profit or Gain :

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

4.

Loss :

If S.P. is less than C.P., the seller is said to have incurred a loss.
I).

Gain = (S.P.) - (C.P.)
II).

Loss = (C.P.) - (S.P.).
III).

Loss or gain is always reckoned on C.P.
IV).

Gain Percentage: (Gain %)

Gain % = (Gain x 100 / C.P)
V).

Loss Percentage: (Loss %)

Loss % = (Loss x 100 / C.P )
VI).

Selling Price: (S.P.)

SP = [(100 + Gain %) / 100 x C.P]
VII).

Cost Price: (C.P.)

C.P. = [(100 / (100 + Gain %) x S.P]
VIII).

If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
IX).

If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.