Profit And Loss Formulas - Aptitude Questions And Answers

#### Profit And Loss Formulas - Aptitude Questions And Answers

• Posted by  Surya
28 Jan, 2012

Cost Price: The Price at which article is purchased. abrivated as C.P

Selling Price: The Price at which article is sold. abbribate as S.P

Profit Of Gain:If SP is Greater than CP,The Selling Price is said to have Profit of gain.

Loss: if SP is less than CP,The Seller is said to incured Loss.

Formulas:

1.gain=(sp)-(cp).

2.loss=(cp)-(sp).

3.loss or gain is always reckoned on cp

4. gain %={gain*100}/cp.

5.loss%={loss*100}/cp.

6.sp={(100+gain%) /100}*cp.

7.sp={(100-loss%)/100}*cp.

8.{100/(100+gain%)} *sp

9.cp=100/(100-loss%)}*sp

10.if the article is sold at a gain of say 35%, then sp =135% of cp

11.if a article is sold at a loss of say 35%. then sp=65% of cp.

12.when a person sells two items,one at a gain of x% and other at a loss of x%.then the seller always incures a loss given:
{loss%=(comon loss and gain )2}/10.=(x/10)2

13.if the trader professes to sell his goods at cp but uses false weights,then
gain=[error/(true value)-(error)*100]%