27.Profit Loss

 

27.Profit Loss

Learn and Remember :

 1. Cost price : The price at which an article is bought is called the cost price (C.P.) of the article.

2. Selling price : The price at which an article is sold is called the selling price (S.P.) of the article.

3. Profit : If the selling price is more than the cost price, then there is profit.

Profit =S.P. – C.P.

4. Loss : If the selling price is less than the cost price then there is loss. 

Loss =   C.P. - S.P.

 5. (i) Profit per cent :

Profit per cent =   ^{Profit  ⁄ _{C.P. ×100}}

(ii) Loss per cent :

Loss per cent= ^Loss ⁄ _C.P.   ×100

6. To calculate S.P/C.P., when profit/loss per cent is given.

(i) S.P. = C.P. x (100+ profit per cent) ⁄100

 (ii) S.P. =C.P. x (100 – loss per cent) ⁄  100

7. To calculate C.P. when the same article is sold at two different profit per cent.

C.P. = Excess income x 100 ⁄ Difference between the profit per cent