Profit And Loss Handwritten Notes PDF

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Profit And Loss Questions

Profit and Loss – Important Formulas

IMPORTANT FACTS

Cost Price:

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

Selling Price:

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

Profit or Gain:

If S.P. is greater than C.P., the seller is said to have a profit or gain.

Loss:

If S.P. is less than C.P., the seller is said to have incurred a loss.

IMPORTANT FORMULAE

Gain = (S.P.) – (C.P.)
Loss = (C.P.) – (S.P.)
Loss or gain is always reckoned on C.P.
Gain % = x 100

C.P.
Loss % = x 100

C.P.
Selling Price: (S.P.)

SP = (100 + Gain %) x C.P

100
Selling Price: (S.P.)

SP = (100 – Loss %) x C.P.

100
Cost Price: (C.P.)

C.P. = 100 x S.P.

(100 + Gain %)
Cost Price: (C.P.)

C.P. = 100 x S.P.

(100 – Loss %)
If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.
If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:

Loss % = Common Loss and Gain % 2 = x 2 .

10 10
If a trader professes to sell his goods at cost price but uses false weights, then

Gain % = Error x 100 %.

(True Value) – (Error)

Geography नोट्स डाउनलोड करे :-

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Profit And Loss Handwritten Notes PDF

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Profit And Loss Handwritten Notes PDF