PROFIT AND LOSS Abhijeet Singh

Cost Price: The rate at which a merchant buys

goods. This is his investment

Selling Price: The rate at which a merchant

sells his goods.

Marked Price: The rate at which a merchant

rises his price above the cost price
PROFIT CASE
LOSS CASE
 Profit or Gain = Selling Price - Cost Price = SP - CP
Profit % = (P/CP )*100

Loss = Cost price - Selling price = CP - SP

Loss % = (L/CP ) * 100
Discount = MP -SP
Discount % =

((MP-SP)/MP )* 100
 Calculating Selling price from Cost price:
In the profit case selling price is greater than cost price, and this
case we gain some profit. That is we are increasing the cost
price by some percentage to get the selling price. This can be
done in several ways

In profit case
CP + CP*Profit% = SP
CP(100+Profit%) = SP

In loss case

CP- CP*Loss% =SP

CP *(100-Loss)%= SP

Calculating Selling Price from Marked Price:

MP MP * DISCOUNT% =SP
MP*(100-DISCOUNT)5 =SP

Calculating Cost price from Selling Price:

In profit case:
SP/(100+ PROFIT)% = CP

In loss Case:
SP/(100-LOSS)% =CP
1. A man buys an article for Rs. 27.50 and sells it for Rs 28.60.
Find his gain percent

2. A person incurs a loss of 5% be selling a watch for Rs. 1140.

At what price should the watch be sold to earn 5% profit .

3. The cost price of 20 articles is the same as the selling price of

x articles. If the profit is 25%, find out the value of x

4. Akhil purchased 70kg vegetable at Rs. 420, then sold them at

the rate of Rs. 6.50 per kg, find the profit percent .

5. Sahil purchased a machine at Rs 10000, then got it repaired at

Rs 5000, then gave its transportation charges Rs 1000. Then
he sold it with 50% of profit. At what price he actually sold it.

6. A plot is sold for Rs. 18,700 with a loss of 15%. At what price
it should be sold to get profit of 15%