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.