Some important formulas for solving profit and loss questions:
posted by: IQ Indrajeet sahani
published on:
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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
