##### Profit And Loss

# Profit and Loss Formulas, Shortcuts and Tricks

**Important Points to Remember:**

**Cost Price:**

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

**Selling Price:**

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

**Profit or Gain:**

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

**Loss:**

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

**IMPORTANT FORMULAE**

**1. **Gain = (S.P.) – (C.P.)

**2.** Loss = (C.P.) – (S.P.)

**3.** Loss or gain is always reckoned on C.P.

**4.** Gain Percentage: (Gain %)

**Gain %** =

**5.** Loss Percentage: (Loss %)

**Loss % = **

**6.** Selling Price: (S.P.)

**SP = **

**7. **Selling Price: (S.P.)

**SP = **

**8.** Cost Price: (C.P.)

**C.P. = **

**9.** Cost Price: (C.P.)

**C.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.

**12.** When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:

**13. **If a trader professes to sell his goods at cost price, but uses false weights, then