How to find the SP (Selling Price) if we have the CP (Cost Price) and if Loss/Profit is given ???. Pls tell of both loss and profit . And pls give in details
How to find the SP (Selling Price) if we have the CP (Cost Price) and if Loss/Profit is given ???. Pls tell of both loss and profit . And pls give in details
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Answer:
Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price.
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Below is the list of some basic formulas used in solving questions on profit and loss:
Gain % = (Gain / CP) * 100.
Loss % = (Loss / CP) * 100.
SP = [(100 + Gain%) / 100] * CP.
SP = [(100 – Loss %) / 100]*
Answer:
Loss % = (Loss / CP) * 100. SP = [(100 + Gain%) / 100] * CP.