APTITUDE | ARITHMATICAL | PROFIT AND LOSS | IMPORTANT FACTS AND FORMULAE

Important Facts and Formulae

1.	Cost Price : The price, at which an article is purchased, is called its cost price, abbreviated as cost price.

2.	Selling Price : The price, at which an article is sold, is called its selling prices, abbreviated as selling price.

3.	Profit or Gain : If S.P. is greater than C.P., the seller is said to have a profit or gain.

4.	Loss : If S.P. is less than C.P., the seller is said to have incurred a loss.

I).	Gain = (S.P.) - (C.P.)

II).	Loss = (C.P.) - (S.P.).

III).	Loss or gain is always reckoned on C.P.

IV).	Gain Percentage: (Gain %) Gain % = (Gain x 100 / C.P)

V).	Loss Percentage: (Loss %) Loss % = (Loss x 100 / C.P )

VI).	Selling Price: (S.P.) SP = [(100 + Gain %) / 100 x C.P]

VII).	Cost Price: (C.P.) C.P. = [(100 / (100 + Gain %) x S.P]

VIII).	If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.

IX).	If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.