Hello friends. Today we shall learn the shortcut techniques of Profit and Loss. Happy Reading :)

Profit & Loss Shortcuts

Formulas of Profit and Loss

1. Profit = Selling Price (S.P) - Cost Price (CP), when SP > CP

2. Loss = Cost Price (C.P) - Selling Price (S.P), when SP
3. Profit % = (Profit / CP) x 100

4. Loss % = (Loss / CP) x 100

5. S.P = ((100 + Profit%)/100) x CP

6. S.P = ((100 - Loss%)/100) x CP

7. C.P = (100 / (100 + Profit%)) x SP

8. CP = (100 / (100 - Loss%)) x SP

9. If C.Ps of two articles are the same and after selling them profit % on one is same as the loss % on the other, then there will be no loss or no gain.

10. If SPs of two articles are the same and the profit % on one is same as the loss % on the other, then there will be a loss which is in % = (%x%) / 100

11. Two successive discounts of X% and Y% are equivalent to a single discount % of (X+Y) - ((XxY)/100)

12. Marked Price x Product of the balances of the discounts = Selling price to the seller or Cost price to the buyer.