# Profit and Loss Formulas, Shortcuts, Examples, Questions

Profit and Loss Formulas - Page 2
Profit and Loss Questions - Page 3
Profit and Loss Video Lecture - Page 4

## Profit and Loss - Shortcuts and Formulas

Cost Price (C.P): Price at which an article is purchased, is called its cost price.
Selling Price (S.P): Price at which an article is sold, is called its selling prices.
Loss: If S.P. is less than C.P., the seller is said to have incurred a loss.
Profit or Gain: If S.P. is greater than C.P., the seller is said to have a profit or gain.

If the Selling Price is is more than the Cost Price we can Make Profit. or If the Cost Price is more than the Selling Price then we will end up with Loss.
Profit = Selling Price (S.P) - Cost Price (C.P)

Percentage of Profit / Loss is calculated on the cost price by the following formula

• Profit Percent = (Profit / Cost Price) X 100
• Loss = Cost Price (C.P) - Selling Price (S.P)
• Loss Per Cent = (Loss / Cost Price) X 100

Note :
1.
Profit Or Loss Per Cent is always calculated on C.P and not in S.P
2. Overhead expenses like Packaging, Transportation etc. are always added to the cost price to get the total C.P. and then profit per cent or loss per cent is calculated on this total cost price.
3. When the C.P and the S.P are given for different number of articles, first of all find C.P and S.P of equal number of articles and then only calculate profit per cent or loss per cent.

Marked Price and Discount: When we go to a shop, we find price tags attached to the goods. The original price written on the price tag is called the "Marked Price". Sometimes, a reduction or concession is given on some Goods. We call this reduction as "Discount" . In Business, Discount is to attract the customers. More the sale, More the Profit . Discount is given directly in terms of Money or in terms of other attractive articles. Direct discount is given on the labelled price. Which is much more than the actual cost price the seller has to pay. It is calculated in percentage. Seller gets profit even after giving discount to you.

The discount is always calculated on the Marked Price

## Latest Jobs

1. Type
Job
UPSC ENGINEERING SERVICES EXAMINATION, 2020 Notification.
Location
Anywhere
Date Posted
7 Oct 2019
2. Type
Job
IBPS Clerk Recruitment 2019 - Last Date 09-10-2019
Location
Anywhere
Date Posted
3 Oct 2019
3. Type
Job
National Institute of Technology Kurukshetra Recruitment of Professor - Last Date 31-10-2019
Location
KurukshetraHaryana, India
Date Posted
3 Oct 2019
4. Type
Job
National Archives of India - School of Archival Studies 79th short term certificate course in "Care & Conservation of Books, Mss. & Archives"
Location
Anywhere
Date Posted
3 Oct 2019
5. Type
Job
Orissa Maritime Academy admission into Pre-sea General Purpose Rating course (Jan -Jun 2020)
Location
Date Posted
1 Oct 2019
6. Type
Job
RITES Recruitment of Site Inspector - Civil, E&M and CAD Operator.
Location
GurugramHaryana, India
Date Posted
1 Oct 2019
7. Type
Job
NIT Manipur Recruitment of Registrar on Deputation.
Location
ImphalManipur, India
Date Posted
1 Oct 2019
8. Type
Job
ICAR - Indian Agricultural Research Institute invited for walk-in-Interview for filling the temporary post of JRF/SRF/Project Assistant.
Location
DelhiDelhi, India
Date Posted
30 Sep 2019
9. Type
Job
FCI Recruitment of GENERAL/ DEPOT/ MOVEMENT/ ACCOUNTS/ TECHNICAL/ ENGINEERING and More.
Location
Anywhere
Date Posted
30 Sep 2019
10. Type