**Tricks and Formulas to solve the Profit and Loss Questions and answers. Learn heard the basic formulae of profit loss to solve Maths paper of IBPS Exam.
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**Cost Price : **The price, at which an article is purchased, is called its cost price, abbreviated as cost price.

**Selling Price : **The price, at which an article is sold, is called its selling prices, abbreviated as selling price.

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

**Loss : **If S.P. is less than C.P., the seller is said to have incurred a loss.

**Formulae for Profit Loss**

**Gain **= (S.P.) – (C.P.)

**Loss** = (C.P.) – (S.P.).

Loss or gain is always reckoned on C.P.

**Gain Percentage: (Gain %) Gain %** = (Gain x 100 / C.P)

**Loss Percentage: (Loss %) Loss % **= (Loss x 100 / C.P )

**Selling Price: (S.P.) SP **= [(100 + Gain %) / 100 x C.P]

**Cost Price: (C.P.) C.P. **= [(100 / (100 + Gain %) x S.P]

If an article is sold at a loss of say, 55% then S.P. = 55% of C.P.

If an article is sold at a gain of say25%, then S.P. = 125% of C.P