Profit and Loss Important Formulas
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Aptitude :: Profit and Loss
@ : Home > Aptitude > Profit and Loss > Important Formulas
Overview
Important Formulas
Exercise
General Questions
Data Sufficiency 1
Data Sufficiency 2
Data Sufficiency 3
Data Sufficiency 4
"Do not wait for leaders; do it alone, person to person."
IMPORTANT FACTS
Cost Price:
The price, at which an article is purchased, is called its cost price, abbreviated as C.P.
Selling Price:
The price, at which an article is sold, is called its selling prices, abbreviated as S.P.
Profit or Gain:
If S.P. is greater than C.P., the seller is said to have a profitor gain.
Loss:
If S.P. is less than C.P., the seller is said to have incurred a loss.
IMPORTANT FORMULAE
Gain = (S.P.) - (C.P.)1.
t and Loss Important Formulas - Aptitude Questions and Answers http://www.indiabix.com/aptitude/profit-and-loss
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Loss = (C.P.) - (S.P.)2.
Loss or gain is always reckoned on C.P.3.
Gain Percentage: (Gain %)
Gain % =Gain x 100
C.P.
4.
Loss Percentage: (Loss %)
Loss % = Loss x 100C.P.
5.
Selling Price: (S.P.)
SP =(100 + Gain %)
x C.P100
6.
Selling Price: (S.P.)
SP =(100 - Loss %)
x C.P.100
7.
Cost Price: (C.P.)
C.P. =
100
x S.P.(100 + Gain %)
8.
Cost Price: (C.P.)
C.P. =100
x S.P.(100 - Loss %)
9.
If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.10.
If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.11.
When a person sells two similar items, one at a gain of say x%, and the other at a
loss ofx%, then the seller always incurs a loss given by:
Loss % =Common Loss and Gain %
2=x
2.10 10
12.
If a trader professes to sell his goods at cost price, but uses false weights, then
Gain % =Error
x 100%.(True Value) - (Error)
13.
Read more:
Profit and Loss - General Questions
Profit and Loss - Data Sufficiency 1
Profit and Loss - Data Sufficiency 2
Profit and Loss - Data Sufficiency 3
Profit and Loss - Data Sufficiency 4
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t and Loss Important Formulas - Aptitude Questions and Answers http://www.indiabix.com/aptitude/profit-and-loss
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