Profit and Loss

Front

What is the formula to calculate Profit?

Back

Profit = Selling Price (SP) - Cost Price (CP)

Front

What is the formula to calculate Loss?

Back

Loss = Cost Price (CP) - Selling Price (SP)

Front

How do you calculate Gain Percent?

Back

Gain Percent (G%) = (Profit / Cost Price) x 100

Front

How do you calculate Loss Percent?

Back

Loss Percent (L%) = (Loss / Cost Price) x 100

Front

If the Selling Price is less than the Cost Price, what does it indicate?

Back

It indicates a loss.

Front

If the Selling Price is greater than the Cost Price, what does it indicate?

Back

It indicates a profit.

Front

What is the relationship between Cost Price, Selling Price, and Profit?

Back

Selling Price = Cost Price + Profit

Front

What is the relationship between Cost Price, Selling Price, and Loss?

Back

Selling Price = Cost Price - Loss

Front

A grocer bought sugar worth Rs 4500. He sold one-third of it at a gain of 10%. What is the selling price of that one-third?

Back

Selling Price = Cost Price + Profit = 4500/3 + (10% of 4500/3) = Rs 1575

Front

If a student buys a pen for Rs 90 and sells it for Rs 100, what is his gain?

Back

Gain = Selling Price - Cost Price = 100 - 90 = Rs 10