Quantitative Aptitude - Profit and Loss - Formula & Concept Tutorial

• Cost Price (CP)  - This is actual price of item purchased by vendor.
• Selling Price (SP) – This is actual price in which the vendor sold the item.

1. Profit or Gain = Selling Price(SP) – Cost Price(CP)

• Profit - If the Selling Price (SP) is greater than Cost Price (CP), then there will be profit or gain.

2. Loss = Cost Price(CP) – Selling Price(SP)

• Loss - If the Selling Price (SP) is less than Cost Price (CP), then there will be loss.

3. Profit % or Gain %  =

• Profit % or Gain % - The percentage of profit is known as profit percentage.

4. Loss % =

• Loss % - The percentage of loss is known as loss percentage.

5. Selling Price(SP) =
6. Selling Price(SP) =
7. Cost Price(CP) =
8. Cost Price(CP) =
9. To Find Out Discount, find Loss %
10. If an article is sold at a loss of say 35%, then SP = 65% of CP.
11. If an article is sold at a gain of say 35%, then SP = 135% of CP.
12. In breakeven case , SP = CP
13. When anyone sells two similar items, one at a price of say x%, and the other at a loss of x% , then the seller always incur a loss given by

Loss % =  =

14. When a person cheats to the extent of x% while buying as well as selling , by using false weight. Then the seller always incur a profit given by

Gain % =

15.  If a trader professes to sell his good at cost price , but use false weights , then

Gain % =

16. Marked Price - This price is been marked on item as the selling price.