Profit and Loss formula is used in mathematics to determine the price of a commodity in the market and understand how profitable a business is. Every product has a cost price and selling price. Based on the values of these prices, we can calculate the profit gained or the loss incurred for a particular product
- Cost price (C.P.): This is the price at which an article is purchased.
- Selling price (S.P.): This is the price at which an article is sold.
- Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred
Formula: Profit or Gain = S.P. – C.P.
Formula: Loss = Cost price (C.P.) – Selling Price (S.P.)
SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Profit & Loss Set A
SSC Multi Tasking (Non-Technical) Staff 2021 MCQ – Numerical Aptitude – Profit & Loss Set B