Definition
Cost Price:
Cost Price:
The price at which an article is purchased is called as cost price
Selling Price:
The price at which an article is sold is called as Selling price
If S.p is greater than C.P , then seller is said to have a profit or gain
Gain = (s.p) — (c.p)
Loss = (c.p) — (s.p )
Gain % = (Gain * 100 )/c.p
Loss% = (Loss * 100)/c.p
S.P = (100 + Gain % )/100 * c.p
S.P = (100 — Loss %)/100 * c.p
C.P = (100 / (100 + Gain %)) * s.p
C.P =( 100/(100 -loss %)) * s.p
when a person sells two similar items, one at a gain x %, and the other at a loss of x %, then the seller always incur loss given by Loss % = (Common Loss and Gain %)/10 = (x/10)²
for more problems visit
