Provide the profit and loss formulas.
Understand the Problem
The image provides a list of formulas related to profit and loss calculations, defining terms like cost price (C.P.), selling price (S.P.), marked price (M.P.), loss, profit, discount, profit percentage, and loss percentage. It also provides formulas to calculate C.P. and S.P. based on profit or loss percentages.
Answer
The formulas are: Loss = C.P. – S.P. Profit = S.P. – C.P. Discount = M.P. – S.P. Profit% = $\frac{Profit}{C.P.} \times 100$ Loss% = $\frac{Loss}{C.P.} \times 100$ C.P. = $\frac{S.P. \times 100}{100 + Profit\%}$ C.P. = $\frac{S.P. \times 100}{100 - Loss\%}$ S.P. = $\frac{C.P. (100 + Profit\%)}{100}$ S.P. = $\frac{C.P. (100 - Loss\%)}{100}$
Answer for screen readers
The formulas are listed in the steps to solve section.
Steps to Solve
- Identify the given information
The image provides the following formulas:
- Loss = C.P. – S.P.
- Profit = S.P. – C.P.
- Discount = M.P. – S.P.
- Profit% = $\frac{Profit}{C.P.} \times 100$
- Loss% = $\frac{Loss}{C.P.} \times 100$
- C.P. = $\frac{S.P. \times 100}{100 + Profit%}$
- C.P. = $\frac{S.P. \times 100}{100 - Loss%}$
- S.P. = $\frac{C.P. (100 + Profit%)}{100}$
- S.P. = $\frac{C.P. (100 - Loss%)}{100}$
The formulas are listed in the steps to solve section.
More Information
The provided formulas are fundamental in solving profit and loss problems in business and everyday calculations. Understanding these relationships allows for the determination of key values such as cost price, selling price, profit margin, and loss incurred in transactions.
Tips
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