Some important formulas for solving profit and loss questions:
posted by: IQ Indrajeet sahani
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  • Profit = Selling Price – Cost Price
  • Loss = Cost Price – Selling Price
  • Profit % = (Profit / Cost Price) × 100%
  • Loss% = (Loss / Cost Price) × 100%
  • Selling Price = [(100 + Profit%)/100] × Cost Price
  • Cost Price = [100/(100 + Profit%)] × Selling Price
  • Selling Price = [(100 – Loss%)/100] × Cost Price
  • Cost Price = [100/(100 – Loss%)] × Selling Price
  • Discount = Marked Price – Selling Price
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Sanjit Aidi
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