- What is the difference between the monthly amount spent by Sumit on payment of various bills and the amounts spent by him on loan instalments?
- Mr. Karma started a Coaching classes and for that he wanted to purchase 50 chairs for the classroom cost of which was Rs.200 each. The trader offered him a...
- A book is listed at Rs. 1200 and the discount offered is 10%. What additional discount must be given to bring the net selling price to Rs. 900?
- The price of a printer is marked at Rs 15000. If successive discounts of 10%, 20% and 25% allowed, then at what price does a customer buy it? &...
- If a company sells a bikes with a marked price of Rs 3,50,000 and gives a discount of 3% on Rs 1,80,000 and 5% on the remaining amount of Rs 1,70,000, then...
- A Shopkeeper marks the price of a refrigerator at Rs. 30,000/- and gives a discount of 15%. He also gives a mixer grinder worth Rs. 1,500 free with the ref...
- A trader marks all his goods at 60% above the costs price and offers a discount of 15% on the marked price. What is the actual profit % on the sales? ...
- A Shopkeeper marks the price of a mobile phone at Rs. 6,000/- and gives a discount of 10%. He also gives a pen drive worth Rs. 600 free with the mobile pho...
- After giving a discount of 20% on the marked price of a TV, a shopkeeper earns a profit of 25% on the cost price. Had he not given any discount on the mark...
- A manufacturer marked article at Rs. 450 and sold it allowing 30% discount. If his profit was 25%, then the cost price of the article was...
- A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling it...
- A watch dealer pays 10% customs duty on a watch which costs Rs.500 abroad. He desires to make a profit of 20% after giving a discount of 25% to the buyer, ...
- A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he gains...

Question Listing

- Addition & subtraction
- Age
- Algebra
- Alligation
- Approximation
- Arithmetic Progression
- Average
- Bar graph
- Binomial Equation
- Boats and streams
- Calculation based
- Caselet DI
- Circle
- Clock and Calendar
- Compound Interest
- Coordinate Geometry
- Cube & cube roots
- Data Sufficiency
- Databased
- Databased Partnership
- Databased Ratio
- Databased Time and Work
- DI
- Di Bar Graph
- DI Line Graph
- DI Pie Chart
- DI PIE Chart and Ratio Table
- DI Tables
- Di With Missing Numbers
- Differential Equation
- Discount
- Divisibility rules
- Equality and Inequality
- Equations
- Fractions
- Geometry
- HCF and LCM
- Height and Distance
- Income and Expenditure
- Integration
- Limits and Continuity
- Line graph
- Linear Equation
- Lines and Angles
- Maxima and Minima
- Mensuration
- Missing DI
- Mixture
- No. System
- Partnership
- Percentage
- Permutation and combination
- Pipes and cisterns
- Polygon
- Probability
- Profit and loss
- Quadratic equation
- Quadrilateral
- Quant Miscellaneous
- Quantity Inequality
- Radar graph
- Ratio
- Ratio and proportion
- SI and CI databased
- Simple and compound interest
- Simplification
- Square & square root
- Surds and indices
- Time
- Time and distance
- Time and work
- Trains
- Triangle
- Trigonometry
- Uniatry Method
- Weekly Quiz Quant
- Wrong Series

Profit and Loss formula is used in mathematics to determine the price of a commodity in the market and understand how profitable a business is. Every product has a cost price and a selling price. Based on the values of these prices, we can calculate the profit gained or the loss incurred for a particular product. The important terms covered here are cost price, fixed, variable and semi-variable cost, selling price, marked price, list price, margin, etc. Also, we will learn the profit and loss percentage formula here.

For example, for a shopkeeper, if the value of the selling price is more than the cost price of a commodity, then it is a profit and if the cost price is more than the selling price, it becomes a loss. Profit and Loss Basic Concepts Let us learn profit and loss concepts in maths. It is well explained in terms of cost price and selling price.

Profit(P)

The amount gained by selling a product for more than its cost price.

Loss(L)

The amount the seller incurs after selling the product less than its cost price is mentioned as a loss.

Cost Price (CP)

The amount paid for a product or commodity to purchase is called a cost price. Also, denoted as CP. This cost price is further classified into two different categories:

Fixed Cost: The fixed cost is constant, it doesn’t vary under any circumstances

Variable Cost: It could vary depending on the number of units and other factors

Selling Price (SP)

The amount for which the product is sold is called the Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.

Marked Price Formula (MP)

This is basically labelled by shopkeepers to offer a discount to the customers in such a way that,

Discount = Marked Price – Selling Price

And Discount Percentage = (Discount/Marked price) x 100"

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