Profit & Loss, कुछ definitions जानते है।
Profit & Loss
Cost Price- The price at which a person buys a product is called the cost price .
Denoted By- CP
Selling Price- The price at which a person sells a product is called the selling price.
Denoted By- SP
PROFIT- If SP is greater than CP, then seller is said to have profit .
Profit=(Selling Price – Cost Price)
Loss- If SP is less than CP, then seller is said to have a loss.
Loss=(Cost Price – Selling Price )
In case of profit the following formulae are applicable:
profit = SP-CP
(Profit percentage is always calculated on CP unless specified.)
In case of loss the following formulae are applicable:
loss = CP-SP
(loss percentage is also calculated on CP unless specified.)
* The selling price of the seller is the cost price of the buyer.
* Profit and Loss are always counted on CP (Cost Price).
* CP is always 100% in the case of profit and loss.
In a sale transaction, the seller marks the goods more than the cost price in order to earn a profit. This addition to the cost price is called the mark up price and this mark up value added to cost price is called the marked price.
Marked price = CP + selling Price
*Discount always carried on MRP (MP)
*MRP is always 100% in the case of discount.
SHORT METHOD FOR PROFIT & LOSS PERCENTAGE
Example 1- If the cost price of 19 article is equal to the selling price of 16 article find the profit percentage ?
Sol- PROFIT PERCENTAGE=
Example 2- If the selling price of the 50 article is equal to the 40 article cost price then find the loss percentage ?
sol- LOSS PERCENTAGE=
जिसे हम next chapter में profit & loss के questions में use करेंगे ।
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