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Profit & Loss

The document provides definitions and formulas related to profit and loss in transactions, including cost price (C.P.), selling price (S.P.), gain, and loss. It includes examples and calculations to determine gain or loss percentages based on given prices. Additionally, it explains how to calculate selling price based on desired gain or loss percentages.

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I yr IT 10-Cherisha S
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21 views12 pages

Profit & Loss

The document provides definitions and formulas related to profit and loss in transactions, including cost price (C.P.), selling price (S.P.), gain, and loss. It includes examples and calculations to determine gain or loss percentages based on given prices. Additionally, it explains how to calculate selling price based on desired gain or loss percentages.

Uploaded by

I yr IT 10-Cherisha S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Profit & Loss

KEYWORDS
● 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 / 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.
FORMULAS: VOLUME 1
If you are given both the CP and SP, you will be asked to find
gain, loss, or both.

-GAIN- -LOSS-

❏ Gain = (S.P.) - (C.P.) ❏ Loss = (C.P.) - (S.P.)

❏ ❏
EX 1.
Some articles were bought at 6 articles Solution:
for Rs. 5 and sold at 5 articles for Rs. 6.
Gain percent is:

A. 40%
B. 33.33%
C. 44%
D. 20%
EX 2.
Sam purchased 20 dozens of toys at Solution:
the rate of Rs. 375 per dozen. He sold
each one of them at the rate of Rs. 33.
What was his percentage profit?

A. 4.4%
B. 3.4%
C. 4%
D. 5.6%
FORMULAS: VOLUME 2
If you are given GAIN % (or) LOSS %, you will be asked to find
CP (or) SP.

-COST PRICE- -SELLING PRICE-

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


If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
EX 3.
A vendor bought toffees at 6 for a Solution:
rupee. How many for a rupee must he
sell to gain 20%?

A. 5
B. 3
C. 2
D. 6
EX 4.
When a plot is sold for Rs. 18,700, the Solution:
owner loses 15%. At what price must
that plot be sold in order to gain 15%?

A. 25,000 RS
B. 27,000 RS
C. 25, 300 RS
D. 30,000 RS
FORMULAS: VOLUME 3
● 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:
EX 5.
A trader mixes 26 kg of rice at Rs. 20 Solution:
per kg with 30 kg of rice of other
variety at Rs. 36 per kg and sells the
mixture at Rs. 30 per kg. His profit
percent is:

A. 3%
B. 10%
C. 8%
D. 5%

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