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 Notification
    Job
    IARI Walk-in-Interview for Senior Research Fellows 6th September, 2019
    Location
    DelhiDelhi, India
    Date Posted
    18 Aug 2019
  2. Type
    Job Notification
    Job
    MSDE Recruitment for Chairperson and two Executive Members - August 2019
    Location
    DelhiDelhi, India
    Date Posted
    18 Aug 2019
  3. Type
    Job Notification
    Job
    National Gallery of Modern Art Recruitment - August-2019
    Location
    DelhiDelhi, India
    Date Posted
    18 Aug 2019
  4. Type
    Job Notification
    Job
    Directorate of Lighthouses and Lightships Recruitment Navigational Assistant Grade—III Group-C - 17-08-2019
    Location
    KolkataWest Bengal, India
    Date Posted
    18 Aug 2019
  5. Type
    Job Notification
    Job
    EPIL Recruitment for DGM - Last Date - 07-09-2019
    Location
    DelhiDelhi, India
    Date Posted
    18 Aug 2019
  6. Type
    Job Notification
    Job
    BECIL Recruitment for Junior Engineers 199 - Last Date 21 August 2019
    Location
    DelhiDelhi, India
    Date Posted
    18 Aug 2019
  7. Type
    Job Notification
    Job
    AIIMS Nagpur - Recruitment for Group 'A' Posts on DEPUTATION BASIS - 17-08-2019
    Location
    NagpurMaharashtra, India
    Date Posted
    18 Aug 2019
  8. Type
    Job Notification
    Job
    Indian Pharmacopoeia Commission Recruitment Secretary-cum-Scientific Director - August 2019
    Location
    GhaziabadUttar Pradesh, India
    Date Posted
    13 Aug 2019
  9. Type
    Job Notification
    Job
    CS1R- Central Drug Research Institute Recruitment for Scientist - Last Date 30-09-2019
    Location
    LucknowUttar Pradesh, India
    Date Posted
    13 Aug 2019
  10. Type
    Job Notification
    Job
    Sainik School Satara Maharashtra Recruitment TGT in English - Last Date 04-09-2019
    Location
    SataraMaharashtra, India
    Date Posted
    13 Aug 2019

Jobs by Category

Syllabus and Previous Papers

Leave a Reply

Your email address will not be published. Required fields are marked *