Profit And Loss - Aptitude Concepts (Important Facts And Formulae)

IMPORTANT FACTS

Cost Price :: This is the price at which a particular item is purchased, (Abbreviated as C.P.)

Selling Price :: This is the price at which a particular item is sold.

Profit Or Gain :: If selling price is greater than the cost price at that time the selling price is said to have profit or gain.

Loss :: If Selling Price is less than the Cost Price at that time the seller is said to incurred a loss.

FORMULAE

1. GAIN=(SP)-(CP).

2. LOSS=(CP)-(SP).

3. LOSS OR GAIN IS ALWAYS RECKONED ON CP

4. GAIN %={GAIN*100}/CP.

5. LOSS%={LOSS*100}/CP.

6. SP={(100+GAIN%) /100}*CP.

7. SP={(100-LOSS%)/100}*CP.

8. {100/(100+GAIN%)} *SP

9. CP=100/(100-LOSS%)}*SP

10. IF THE ARTICLE IS SOLD AT A GAIN OF SAY 30%, THEN SP =130% OF CP

11. IF A PARTICULAR ARTICLE IS SOLD AT A LOSS OF SAY 30%. THEN SP=70% OF CP.

12. WHEN A PERSON SELLS TWO ITEMS,ONE AT A GAIN OF X% AND THE OTHER AT A LOSS OF X%.THEN IN THAT CASE THE SELLER ALWAYS INCURES A LOSS GIVEN:

{LOSS%=(COMMON LOSS AND GAIN ) 2}/10.=(X/10) 2

13. IF A TRADER PROFESSES TO SELL HIS GOODS AT CP BUT USES FALSE WEIGHTS,THEN

GAIN=[ERROR/(TRUE VALUE)-(ERROR)*100]%

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