PROFIT AND LOSS

INTRODUCTION• Cost Price: The amount paid to purchase an article or the price at which

an article is made, is known as its cost price.• The cost price is abbreviated as S.P.• Selling price: The price at which an article is sold, is known as its selling

price.• The selling price is abbreviated as S.P.• Profit: If the price (S.P.) of an article is greater than the cost price

(C.P.),then the difference between the selling price and cost price is called profit• Loss: If the selling price of an article is less than the cost price , then the

difference between cost price and selling price is called loss.

FORMULAS

Profit = Loss = S.P.=)x C.P.S.P.=)x C.P.C.P.=C.P.=

PROFIT AND LOSS PERCENTAGE

Profit and loss percentageThe profit percent is the profit that would be obtained for a C.P. of Rs.100.Similarly, the loss percent is the loss that would be made for a C.P. of Rs. 100Profit percent = Profit/C.P. x 100Loss percent = Loss/C.P. x 100

REAL PROFIT/LOSS PERCENTAGEIf the profit or loss is calculated on S.P.,then it is not actual profit or loss.Real profit (loss)% is the profit (loss)% on C.P.

Real profit%= x 100

DISHONEST DEALING

Gain%= x 100

=

NOTEWhen no discount is given, “selling price” is the same as “marked price”• Discount = Marked x Rate of discount.• S.P. = M.P. – Discount.• Discount% = Discount/M.P. x 100• Buy x get y free i.e., if x+y articles are sold at cost price of x articles,

then the percentage discount = y/x+y * 100

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