IMPORTANT FACTS PROFIT AND LOSS

COST PRICE: THE PRICE AT WHICH ARTICLE IS PURCHASED.ABBREVATED AS C.P.

 

SELLING PRICE: THE PRICE AT WHICH ARTICLE IS SOLD.

 

PROFIT OR GAIN:IF SP IS GREATER THAN CP,THE SELLING PRICE IS SAID TO HAVE PROFIT OR GAIN.

 

LOSS: IF SPIS LESS THAN CP,THE SELLER IS SAID TO INCURED A LOSS.

 

       FORMULA

 1.GAIN=(SP)-(CP).          
 2.LOSS=(CP)-(SP).
 3.LOSS OR GAIN IS ALWAYS RECKONED ON CP
 4.LOSS%={LOSS*100}/CP.
 5.SP={(100+GAIN%) /100}*CP.
 6.SP={(100-LOSS%)/100}*CP.
 7.{100/(100+GAIN%)} *SP
 8.CP=100/(100-LOSS%)}*SP
 9.IF THE ARTICLE IS SOLD AT A GAIN OF SAY 35%, THEN SP =135% OF CP
 10.IF A ARTICLE IS SOLD AT A LOSS OF SAY 35%. THEN SP=65% OF CP.
 11.WHEN A PERSON SELLS TWO ITEMS,ONE AT A GAIN OF X% AND OTHER AT A LOSS OF X%.THEN THE SELLER ALWAYS INCURES A LOSS GIVEN:

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

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

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