Profit and Loss Formulas
Profit and loss is the one of major question section in Competitive exams. These formulas will be helpful for your upcoming Exams like PSC, SSC, IBPS and Other Competitive Exams. .
Cost Price(CP) : The Price at which a particular item purchased, is called its Cost Price.
Selling Price (SP): The price at which a particular item is sold, called its Selling Price.
Profit: If Selling Price of an item is more than Cost Price , then vendor is said to have a Profit.
Loss: if Selling Price of an item is less than Cost Price, the vendor said to have a Loss.
Formulas Profit = SP – CP.
Profit % = Profit/(CP)×100.
SP = ((100+Profit% )/100)×CP.
CP = (100/(100+Profit%))×SP.
Loss = CP – SP.
Loss% = Loss/(CP)×100.
SP = ((100-loss%)/100)×CP.
CP = (100/(100-loss%))×SP.