Question

Fill in the blanks.

(i) Loss = (CP) − (......).
(ii) CP = $\frac{100\times \mathrm{SP}}{(......+......)}$.
(iii) Profit or loss is always reckoned on ...... .
(iv) $\frac{100}{(100-\mathrm{loss}\%)}\times \mathrm{SP}=.......$

Answer 1

(i) Loss = (CP) - (SP)

(ii) CP = $\frac{100\times SP}{(\underline{\underline{100}}+\mathrm{Gain}\%)}$

(iii) Profit or loss is always reckoned on the cost price.
(iv) $\frac{100\times \mathrm{SP}}{(100-\mathrm{loss}\%)}$ = CP