Maths Profit and Loss

Learn Maths Definitions of Profit And Loss

mathematics - profit and loss
Written by Mary Christina

Profit Definition:

Whenever the selling price is greater than the cost price then it is a profit.
Example: If the selling price of a bag is $235 and the cost price of the same bag is Rs. 200 then there is a profit of Rs. $35.
Profit= Selling Price(S.P) – Cost Price(C.P)

Loss definition:

Whenever the selling price is less than the cost price then is is a loss.
Example: A dealer bought a television for $12000 and sold it for $10,000 then there is a loss of $2000.
Loss= Cost Price(C.P)- Selling Price(S.P).

FORMULAE TO CALCULATE PROFIT% AND LOSS%:

Profit%=( Profit/C.P) * 100
Loss%= (Loss/C.P)*100

Note: Profit% and Loss% is always calculated on the cost price of the item.

About the author

Mary Christina

Mary Christina from Chennai, India. She has completed Master Degree in Mathematics and she loves to teach and share about her knowledge in maths for High School and College Students...