** Profit and Loss Formulas and Tips**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.

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