(Guidance Programme) Combined Higher Secondary Level [CHSL] (10+2) Exam : Profit and Loss
(Guidance Programme) Combined Higher Secondary Level [CHSL] (10+2) Exam : Profit and Loss
Cost Price
The price at which an article is purchased is called the cost price or CP.
Selling Price
The price at which an article is sold is called the selling price or SP.
Formulae
Gain or Profit = SP – CP
Gain per cent or Profit per cent =
SP=
Similarly, Loss = CP – SP
Loss per cent =
• The Profit and Loss per cent is always calculated on the cost price.
• If a trader professes to sell his goods at CP but uses false weight, then Gain
per cent or Profit per cent
=
Marked Price or List Price
Price that is indicated or marked on the article is called marked price or MP.
Discount
It is reduction given on the Marked Price or List Price of an article.
=
