Cost Price
The price at which an article is purchased is known as the Cost Price (C.P.) of the article.
Sell Price
The price at which an article is sold is known as the Sell Price (S.P.) of the article.
Profit
If S.P. > C.P. then the seller makes a profit.
Loss
If C.P. < S.P then the seller incurs a loss.
Important Formula
1. Gain = S.P. - C.P.
2. Loss = C.P. - S.P.
3. Gain % = (Gain x 100/C.P.)
4. Loss % = (Loss x 100/C.P.)
5. Gain or Loss is always reckoned on C.P.
6. Selling Price (S.P.) = [ (100 + Gain %)/100 x C.P.]
7. Selling Price (S.P.) = [ (100 - Loss %)/100 x C.P.]
8. Cost Price (C.P.) = [ (100 + Gain %)/100 x S.P.]
9. Cost Price (C.P.) = [ (100 - Loss %)/100 x S.P.]
10. If an article is sold at a gain of say 25%, then S.P. = 125% of C.P.
11. If an article is sold at a loss of say, 25% then S.P. = 75% of C.P.
12. 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 %/10)2 = (x/10)2
13. If a trader professes to sell his goods at cost price, but uses false weights, thenGain % = [{ Error/True Value - Error} x 100]
The price at which an article is purchased is known as the Cost Price (C.P.) of the article.
Sell Price
The price at which an article is sold is known as the Sell Price (S.P.) of the article.
Profit
If S.P. > C.P. then the seller makes a profit.
Loss
If C.P. < S.P then the seller incurs a loss.
Important Formula
1. Gain = S.P. - C.P.
2. Loss = C.P. - S.P.
3. Gain % = (Gain x 100/C.P.)
4. Loss % = (Loss x 100/C.P.)
5. Gain or Loss is always reckoned on C.P.
6. Selling Price (S.P.) = [ (100 + Gain %)/100 x C.P.]
7. Selling Price (S.P.) = [ (100 - Loss %)/100 x C.P.]
8. Cost Price (C.P.) = [ (100 + Gain %)/100 x S.P.]
9. Cost Price (C.P.) = [ (100 - Loss %)/100 x S.P.]
10. If an article is sold at a gain of say 25%, then S.P. = 125% of C.P.
11. If an article is sold at a loss of say, 25% then S.P. = 75% of C.P.
12. 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 %/10)2 = (x/10)2
13. If a trader professes to sell his goods at cost price, but uses false weights, thenGain % = [{ Error/True Value - Error} x 100]
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