Profit and Loss Percentage - Formula [with examples] - Teachoo Maths - Profit and Loss

part 2 - Profit and Loss Percentage - Profit and Loss - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT)

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Profit and Loss PercentageThe formula is Profit = SP βˆ’ CP Profit % = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/𝐢𝑃 Γ— 100% Loss = CP βˆ’ SP Loss % = πΏπ‘œπ‘ π‘ /𝐢𝑃 Γ— 100% Let’s do an example Cost price = Rs 20 Selling Price = Rs 25 Profit = SP βˆ’ CP = 25 βˆ’ 20 = 5 Profit Percentage = π‘·π’“π’π’‡π’Šπ’•/(π‘ͺ𝒐𝒔𝒕 π‘·π’“π’Šπ’„π’†) Γ— 100% = 5/20 Γ— 100% = 25% Cost price = Rs 20 Selling Price = Rs 18 Loss = CP βˆ’ SP = 20 βˆ’ 18 = 2 Loss Percentage = 𝑳𝒐𝒔𝒔/(π‘ͺ𝒐𝒔𝒕 π‘·π’“π’Šπ’„π’†) Γ— 100% = 2/20 Γ— 100% = 10%

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.