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 visit www.ssbcoaching.com