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If i have buy cheese 100rs and sold at 80rs find profit or loss in percentage |
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Answer» ong>Answer: Cost Price (CP) - This is the price at which an article is purchased. Selling Price (SP) - 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. Profit or Gain = Selling price (SP) – Cost price (CP) Loss - If the selling price is less than the cost price, the difference between them is the loss incurred. Loss = Cost price (CP) – Selling price (SP) Gain on Rs. 100 is Gain Percent Gain% = (Gain * 100)/CP Loss on Rs. 100 is Loss Percent Loss% = (Loss * 100)/CP Profit or Loss is always calculated on the cost price. Marked Price - This is the price marked as the |
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