We can also write Profit or Loss in Percentage

So, we can write

Cost price, selling price, profit % , loss%

Chapter 7 Class 7 Comparing Quantities

Concept wise

Last updated at April 16, 2024 by Teachoo

Profit & Loss Percentage We can also write Profit or Loss (Link) in Percentage Profit Percentage Cost price = Rs 20 Selling Price = Rs 25 Profit = SP β CP = 25 β 20 = 5 Profit Percentage = ππππππ‘/(πΆππ π‘ πππππ) Γ 100% = 5/20 Γ 100% = 25% Loss Percentage Cost price = Rs 20 Selling Price = Rs 18 Loss = CP β SP = 20 β 18 = 2 Loss Percentage = πΏππ π /(πΆππ π‘ πππππ) Γ 100% = 2/20 Γ 100% = 10% So, we can write Profit = SP β CP Profit % = ππππππ‘/πΆπ Γ 100% Loss = CP β SP Loss % = πΏππ π /πΆπ Γ 100%