## Arithmatical - Profit and Loss

1. |
The price, at which an article is purchased, is called its cost price, abbreviated as cost price. |
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2. |
The price, at which an article is sold, is called its selling prices, abbreviated as selling price. |
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3. |
If S.P. is greater than C.P., the seller is said to have a profit or gain. |
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4. |
If S.P. is less than C.P., the seller is said to have incurred a loss. |
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I). | Gain = (S.P.) - (C.P.) |
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II). | Loss = (C.P.) - (S.P.). |
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III). | Loss or gain is always reckoned on C.P. |
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IV). | Gain Percentage: (Gain %) Gain % = (Gain x 100 / C.P) |
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V). | Loss Percentage: (Loss %) Loss % = (Loss x 100 / C.P ) |
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VI). | Selling Price: (S.P.) SP = [(100 + Gain %) / 100 x C.P] |
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VII). | Cost Price: (C.P.) C.P. = [(100 / (100 + Gain %) x S.P] |
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VIII). | If an article is sold at a loss of say, 35% then S.P. = 65% of C.P. |
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IX). | If an article is sold at a gain of say 35%, then S.P. = 135% of C.P. |
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