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IMPORTANT FACTS cost Prick ‘The price, at which an article is purchased, is called its cost price, abbreviated as CP. seling Price “The price, at which an article is sold, is called its selling prices, abbreviated as SP. Prott or Gain: IFS.Pis greater than C.P, the seller's sai to have a profit or gain. Loss: IFSP is less han 6.9, the seller is said to have Incutred a loss. IMPORTANT FORMULAE, 1.Gan= (SP) -(CP) 2 Less =(CP)- (SP) 3. Loss or gain is alvays reckoned on ¢.P 4 Gain Percentage: (Gain %) ain = [S220 an oF. 5 Loss Percentage: (Loss ‘%) oss ae = [LESEH100 lee 6. Seling Price: (\$2) gp [102=Sain) og . 700 7. Seling Price. (S.) gp = | OD=LOss 7) 8 700 8. Cost Prive: (C.F) 100 ge (100 + Gain %) * 9. Cost Price: (G.P.) 100 [wes] 10. Ian artele is SoKd ata gain of say 35%, then S.P.= 135% of CP cP cP. 11. fan article is soldat loss of say, 36% then \$.P. = 65% of CP 412. When a person sells two similar tems, one at a gain of say x%, and the other ata loss of x%, then the seller always incurs a loss glven by. ‘Common Loss and Gain “y (2) ios [Semmmatsamean sn 19. Ifa trader protesses to sell his goods at cost price, bul uses false wevghis, hen Error cain = (rue Vatue)-Ervon © 100 fs