Profit and Loss Made simple

Profit and Loss  Made simple

First learn these formulae by heart

Cost Price- The price for which you have purchased the Goods. ( It will also include any expenses made such as Battery for a wall clock, Travel to the shop, Transport)

Profit- Any amount obtained over and above the Cost Price

Loss - Amount lost from hand while selling the items to others

it will be always less than the Cost Price.

CP + Profit = Selling Price ( In case of Profit)

CP<SP

In case of Loss CP>SP

 

SP ( in case of Profit) will be more than the CP

SP = CP + Profit

 

In case of Loss

SP = CP - Loss  

Percent is always over 100

10 %  means 10 for 100

for sample papers

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