Question

Formula for profit and loss

Answer 1

Explanation:

formula

profit=sp-cp

loss=cp-sp

profitpercent=profit/cp*100

losspercent=loss/cp*100

for any doubts below

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Answer 2

PROFIT -:

if the cost price of an article is less than its selling price then the difference between the selling price and the cost price is known as profit

LET'S SEE FORMULA

`profit \: = \: sp - \: cp \\ \\ sp = cp + \: profit \: \: \\ \\ profit \: \% = (profit \: * 100)/( \: cp \: ) \\ \\ profit \: = (cp \: * \: profit \: \%)/(100) \\ \\ cp \: = (100 * sp)/(100 + profit\%)`

LOSS

if the selling price of an article is less than its cost price then the difference between cost price and selling price is known as loss

let's see formula

`loss \: = cp - sp \\ \\ sp \: = \: cp \: - loss \: \\ \\ cp \: = loss \: + sp \\ \\ loss\% \: = (loss \: * 100)/(cp) \\ \\ loss \: = ( \cp * loss\% )/(100) \\ \\ sp = cp * ( (100 - loss )/(100) )`