Cost Price : The price at which an article is purchased, is called its cost price, abbreviated as C.P.
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Selling Price : The price at which an article is purchased, is called its cost price, abbreviated as C.P.
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Profit or Gain : The price at which an article is purchased, is called its cost price, abbreviated as C.P.
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Loss : If S.Pis less than C.P., the seller is said to have incurred a loss.
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1. |
Gain = (S.P.) - (C.P.) |
2. |
Loss or gain is always reckoned on C.P. |
3. |
gain% = [Gain*100/C.P.] |
4. |
Loss = (C.P.) - (S.P.) |
5. |
Loss% = [Loss*100/C.P.] |
6. |
S.P. = (100+Gain%)/100 * C.P. |
7. |
S.P. = (100-Loss%)/100 * C.P. |
8. |
C.P. = 100/(100+Gain%) * S.P. |
9. |
C.P. = 100/(100-Loss%) * S.P. |
10. |
If an article is sold at a gain of say, 35%, then S.P. = 135% of C.P. |
11. |
If an article is sold at a loss of say, 35%, then S.P. = 65% of C.P. |