Profit,Loss and Discount

Profit,Loss and Discount

COST PRICE :-
      cost price of an article or a product is the price at which it is purchased  or it is simply the money paid to buy a product.It is abbreviated as CP.
      When an article is purchased at some price and some money is spend on its repair or transportation or labour or commission etc. then these expenses are added to the cost price,such expenses are called overhaed expenses and the actual cost price of article will be equal to sum of cost price and overhead expenses.

Actual cost price = Cost price + Overhead expenses.

Selling Price :-
          Selling price of an article or a product is the price at which it is sold or the money obtained after selling the article to other.It is abbreviated as SP.

Profit or Gain:-
       If the selling price of an article id more than the cost price of the article , then it is said that a profit is earned.
Thus,                                     profit = SP- CP   (SP>CP)

Loss :- 
     If the cost price of an article is more than the selling price of the article,then it is said that a loss is incurred .
                                       Loss = CP - SP (CP > SP)
=> Two article having same selling price with a gain of X% on other , then there is a overall loss of  (X2/100)% .

Elementary Formulae on profit and loss:-
             By selling an article for ₹ a , some loss is incurred and by selling it for ₹ b , there is a gain equal to the loss amount , then cost price is   ₹[(a+b)/2].
           
             If the selling price of a article is equal to cost price  of b articles, then gain% or loss% is given by                                    [(a-b)x100/a]

            If the cost price of a article is b and selling price of b article is a, then net gain or loss is
          (if a > b it is gain , if b > a it is loss)

          When an article is sold it sold gains a%, if it is sold for ₹ X more then gain is b% . the cost price of article is given by
        When an article is sold it losses a% and if it is sold for ₹ X more then gain is b% . the cost of an article is given by
 
 

Solved Problem





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