Profit and Loss – Important Formulas
Numerical Aptitude Notes for CSAT Paper, SSC and Competitive Exams
Go to Aptitude, Reasoning and Quants Formulas & Notes
Cost Price – The price, at which an article is purchased.
Selling Price – The price, at which an article is sold.
Profit – If S.P. is greater than C.P., the seller is said to have a profit.
Profit = S.P. – C.P.
Loss – If S.P. is less than C.P., the seller is said to have incurred a loss.
Loss = C.P. – S.P.
Loss and Profit are always calculated on Cost Price.
Profit Percentage
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Profit % = |
Profit x 100 ————– C.P. |
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Loss Percentage
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Loss % = |
Loss x 100 ———— C.P. |
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Selling Price
(100 – Loss %)
SP = —————— x C.P
100
(100 + Gain %)
SP = —————— x C.P
100
Cost Price
100
CP = ——————– x SP
( 100 + Gain %)
100
CP = ——————– x SP
( 100 – Loss %)
Whenever two similar items are sold, one at a gain of L %, and the other at a loss of L %, then the seller always incurs a loss of
Common Loss and Gain %
Loss % = [ ———————————– ] 2 = (L/10) 2
10
If a dishonest trader shows as if he sell goods at cost price, but uses false weights, then
Error
Gain % = [ —————————] x 100
(True Value) – (Error)