IndiaBIX.com
Search

Aptitude - Profit and Loss

@ : Home > Aptitude > Profit and Loss > Important Formulas

Overview

  • Important Formulas

Exercise

"I do not seek. I find."
- Pablo Picasso

IMPORTANT FACTS

Cost Price:

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

Selling Price:

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

Profit or Gain:

If S.P. is greater than C.P., the seller is said to have a profit or gain.

Loss:

If S.P. is less than C.P., the seller is said to have incurred a loss.

IMPORTANT FORMULAE

  1. Gain = (S.P.) - (C.P.)

  2. Loss = (C.P.) - (S.P.)

  3. Loss or gain is always reckoned on C.P.

  4. Gain Percentage: (Gain %)

        Gain % = Gain x 100
    C.P.

  5. Loss Percentage: (Loss %)

        Loss % = Loss x 100
    C.P.

  6. Selling Price: (S.P.)

        SP = (100 + Gain %) x C.P
    100

  7. Selling Price: (S.P.)

        SP = (100 - Loss %) x C.P.
    100

  8. Cost Price: (C.P.)

        C.P. = 100 x S.P.
    (100 + Gain %)

  9. Cost Price: (C.P.)

        C.P. = 100 x S.P.
    (100 - Loss %)

  10. If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.

  11. If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.

  12. When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:

        Loss % = Common Loss and Gain % 2 = x 2 .
    10 10

  13. If a trader professes to sell his goods at cost price, but uses false weights, then

        Gain % = Error x 100 %.
    (True Value) - (Error)



© 2008-2014 by IndiaBIX™ Technologies. All Rights Reserved | Copyright | Terms of Use & Privacy Policy

Contact us: info@indiabix.com     Follow us on twitter!