Profit and Loss

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.

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

 

 

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