What are the basic concepts of profit and loss?

Profit and Loss Basic Concepts. 1 Profit (P) The amount gained by selling a product with more than its cost price. 2 Loss (L) 3 Cost Price (CP) 4 Selling Price (SP) 5 Marked Price Formula (MP)

How do you find the percentage of profit and loss?

For false weight, profit percentage will be P\% = (True weight – false weight/ false weight) x 100. When there are two successful profits say m\% and n\%, then the net percentage profit equals to (m+n+mn)/100 When the profit is m\% and loss is n\%, then the net \% profit or loss will be: (m-n-mn)/100

How to find the gain percent of selling price of pens?

Ramesh bought two boxes for Rs 1300. He sold one box at a profit of 20\% and the other box at a loss of 12\%. If the selling price of both boxes is the same, find the cost price of each box. ∴ Cost price of first box = Rs. 550 9. If the selling price of 10 pens is equal to cost price of 14 pens, find the gain percent.

What is the formula to calculate the cost price of profit?

When the profit is m\% and loss is n\%, then the net \% profit or loss will be: (m-n-mn)/100 If a product is sold at m\% profit and then again sold at n\% profit then the actual cost price of the product will be: CP = [100 x 100 x P/ (100+m) (100+n)]. In case of loss, CP =

What is the profit margin on 25\% markup?

If hesold it at 25\% profit.find his profit amount and selling price. A shopkeeper fixed the price of his articles 25\% above the cost price. If he sold allowing 5\% discount, what is his profit percent? When you markup something 25\%, your margin is always going to be 20\%.

How do you calculate profit and loss on a graph?

The profit or gain is equal to the selling price minus cost price. Loss is equal to cost price minus selling price. Profit or Gain = Selling price – Cost Price. Loss = Cost Price – Selling Price. The formula for the profit and loss percentage is: Profit percentage = (Profit /Cost Price) x 100. Loss percentage = (Loss / Cost price) x 100.

What is the profit of 1/3rd of article sold at Rs 480?

5 kg of an article is bought at Rs 480, 1/3rd of it is sold at a profit of 20\%. At what loss\% should the remaining article be sold so that there is an overall profit of 3 1/3\%?