Some of the imporatnt formula are
The price, at which an article is purchased, is called its
cost price, abbreviated as
C.P.; The price, at which an article is sold, is called its
selling prices, abbreviated as
S.P.; If S.P. is greater than C.P., the seller is said to have a
profit or
gain and Gain = (S.P.) - (C.P.);
If S.P. is less than C.P., the seller is said to have incurred a
loss and Loss = (C.P.) - (S.P.) ;
Loss or gain is always calculated over C.P.;
Gain % = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-oparen-h1.gif) | Gain x 100 | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-cparen-h1.gif) |
C.P. |
Loss % = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-oparen-h1.gif) | Loss x 100 | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-cparen-h1.gif) |
C.P. |
SP = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-obracket-h1.gif) | (100 + Gain %) | x C.P | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-cbracket-h1.gif) |
100 |
Also,
SP = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-obracket-h1.gif) | (100 - Loss %) | x C.P. | ; |
100 |
C.P. = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-obracket-h1.gif) | 100 | x S.P. | ; |
(100 + Gain %) |
similarly,
C.P. = | ![](https://search-static.byjusweb.com/question-images/byjus/_files/images/aptitude/1-sym-obracket-h1.gif) | 100 | x S.P. | ; |
(100 - Loss %) |
If an article is sold at a gain of say x%, then S.P. = (100+x)% of C.P. ;
If an article is sold at a loss of say, x% then S.P. = (100-x)% of C.P. ;