Profit & Loss, कुछ definitions जानते है।

**CHAPTER 1**

Table of Contents

### 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)**

**Profit=(SP-CP)**

**Loss-** If SP is less than CP, then seller is said to have a loss.

**Loss=(Cost Price – Selling Price )**

**Loss=(CP-SP)**

**In case of profit the following formulae are applicable:**

**profit = SP-CP**

**PROFIT PERCENTAGE=[latexpage]\[\frac{{PROFIT}}{{CP}}X100\]**

(Profit percentage is always calculated on CP unless specified.)

**In case of loss the following formulae are applicable:**

**loss = CP-SP**

**LOSS PERCENTAGE=[latexpage]\[\frac{{loss}}{{CP}}X100\]**

(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.**

### Market price-

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.**

#### Some formulae

#### **PROFIT PERCENTAGE=\[\frac{{PROFIT}}{{CP}}X100\]**

**LOSS PERCENTAGE=****\[\frac{{LOSS}}{{CP}}X100\]**

**SHORT METHOD FOR PROFIT & LOSS PERCENTAGE**

**PROFIT PERCENTAGE=\[\frac{{DIFFERENCE in BOTH}}{{LESS}}X100\]**

**LOSS PERCENTAGE=****\[\frac{{DIFFERENCE in BOTH}}{{MORE}}X100\]**

**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=\[\frac{{DIFFERENCE in BOTH}}{{LESS}}X100\]

profit%=\[\frac{{19-16}}{{16}}X100\]

=\[\frac{{75}}{{4}}\]

=\[18\frac{3}{4}\% \]

**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=\[\frac{{DIFFERENCE in BOTH}}{{MORE}}X100\]

loss%=\[\frac{{10}}{{50}}X100\]

=20%.

जिसे हम next chapter में profit & loss के questions में use करेंगे ।

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