Profit And Loss - Aptitude Concepts (Important Facts And Formulae)
IMPORTANT FACTS
Cost Price :: This is the price at which a particular item is purchased, (Abbreviated as C.P.)
Selling Price :: This is the price at which a particular item is sold.
Profit Or Gain :: If selling price is greater than the cost price at that time the selling price is said to have profit or gain.
FORMULAE
1. GAIN=(SP)-(CP).
2. LOSS=(CP)-(SP).
3. LOSS OR GAIN IS ALWAYS RECKONED ON CP
4. GAIN %={GAIN*100}/CP.
5. LOSS%={LOSS*100}/CP.
6. SP={(100+GAIN%) /100}*CP.
7. SP={(100-LOSS%)/100}*CP.
8. {100/(100+GAIN%)} *SP
9. CP=100/(100-LOSS%)}*SP
10. IF THE ARTICLE IS SOLD AT A GAIN OF SAY 30%, THEN SP =130% OF CP
11. IF A PARTICULAR ARTICLE IS SOLD AT A LOSS OF SAY 30%. THEN SP=70% OF CP.
12. WHEN A PERSON SELLS TWO ITEMS,ONE AT A GAIN OF X% AND THE OTHER AT A LOSS OF X%.THEN IN THAT CASE THE SELLER ALWAYS INCURES A LOSS GIVEN:
{LOSS%=(COMMON LOSS AND GAIN ) 2}/10.=(X/10) 2
GAIN=[ERROR/(TRUE VALUE)-(ERROR)*100]%
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