Today we will be covering a very important topic from the quantitative aptitude section that is – Profit and loss.These formulas and shortcuts will be helpful for your upcoming Exams like SSC 2016 Exams. If you like it let us know. 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 = SP – CP Profit % = Profit/(C P)×100 S P = (100+gain % )/100 ×C P C P = 100/(100+gain %)×S P Loss: If the overall Cost Price exceeds the selling price of the buyer then he is said to have incurred loss. Loss = C P – S P Loss % = LOSS/(C P)×100 S P = (100-loss %)/100×C P C P = 100/(100-loss %)×S P Profit and Loss Based on Cost Price To find the percent gain or loss, divide the amount gained or lost by the cost. Example : A toy that cost 80 rupees is sold at a profit...
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