# Quantitative Aptitude - Profit and Loss - Formula & Concept Tutorial

**Cost Price (CP)**- This is actual price of item purchased by vendor.**Selling Price (SP)**– This is actual price in which the vendor sold the item.

**Profit or Gain**= Selling Price(SP) – Cost Price(CP)

- Profit - If the Selling Price (SP) is greater than Cost Price (CP), then there will be profit or gain.

**Loss**= Cost Price(CP) – Selling Price(SP)

- Loss - If the Selling Price (SP) is less than Cost Price (CP), then there will be loss.

**Profit % or Gain %**=

- Profit % or Gain % - The percentage of profit is known as profit percentage.

**Loss %**=

- Loss % - The percentage of loss is known as loss percentage.

**Selling Price(SP)**=**Selling Price(SP)**=**Cost Price(CP)**=**Cost Price(CP)**=- To Find Out Discount, find Loss %
- If an article is sold at a loss of say 35%, then
**SP**= 65% of CP. - If an article is sold at a gain of say 35%, then
**SP**= 135% of CP. - In breakeven case , SP = CP
- When anyone sells two similar items, one at a price of say x%, and the other at a loss of x% , then the seller always incur a loss given by

**Loss %** = =

- When a person cheats to the extent of x% while buying as well as selling , by using false weight. Then the seller always incur a profit given by

**Gain %** =

- If a trader professes to sell his good at cost price , but use false weights , then

**Gain %** =

**Marked Price**- This price is been marked on item as the selling price.