Profit and loss in mathematics
In mathematics, the price of a product on the market and an organization’s profitability are determined using the profit and loss formula. For every good, there is a selling price and a cost price. Based on the values of these prices, we can determine the profit or loss for a certain product.
This article's main topics(Profit and loss in mathematics) include cost price, fixed, variable, and semi-variable costs, selling price, marked price, list price, margin, etc.Here, we also learn about the formula for profit and loss percentages. For instance, if a dealer’s selling price is higher than the product’s cost price, they are making a profit; if the cost price is higher than the selling price, they are losing money.
Formula of Profit and loss
👉 C.P. = Cost Price (Purchasing Price + Repairing/ Maintenance Cost, {if any})
👉 S.P = Selling Price
RULES :-
Successive Profits :- If A sells an article to B at a% profit and B sells it to C at b% profit OR If a% and b% are two successive profits
👉 Then , Total Profit% = {a +b+(ab/100)}%
✅ If A sells an article to B at a% profit and B sells it to C at b% profit and if C paid x .
👉 Then , The amount paid by A = X ✖{100/(100+a)}{100/(100+b)}
Successive losses :-: If a% and b% are two successive losses (negative sign shows loss and positive sign shows profit).
👉 Then , Total loss% ={ -a -b+(ab/100)}%
☑ If a% profit and b% loss occur, simultaneously .
👉 Then , overall loss or profit% is = {a -b-(ab/100)}%
✔NOTE :- (-ve sign for loss, +ve sign for profit)
☑ If a% loss and b% profit occur .
👉 Then , overall loss or profit% is = { -a +b-(ab/100)}%
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