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    Cost Price Frmulas

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    Botanist Angle
    The document discusses key concepts related to cost price, selling price, profit, loss and formulas to calculate them. It provides formulas to calculate gain or loss percentage, selling price when given cost price and gain/loss percentage, cost price when given selling price and gain/loss percentage. It includes examples to calculate profit percentage when cost price and selling price are given and an example where profit triples if selling price doubles to find the profit percentage.

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    Cost Price Frmulas

    Uploaded by

    Botanist Angle
    49 views3 pages
    The document discusses key concepts related to cost price, selling price, profit, loss and formulas to calculate them. It provides formulas to calculate gain or loss percentage, selling price when given cost price and gain/loss percentage, cost price when given selling price and gain/loss percentage. It includes examples to calculate profit percentage when cost price and selling price are given and an example where profit triples if selling price doubles to find the profit percentage.

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    Cost Price frmulas

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    The document discusses key concepts related to cost price, selling price, profit, loss and formulas to calculate them. It provides formulas to calculate gain or loss percentage, selling price when given cost price and gain/loss percentage, cost price when given selling price and gain/loss percentage. It includes examples to calculate profit percentage when cost price and selling price are given and an example where profit triples if selling price doubles to find the profit percentage.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    49 views3 pages

    Cost Price Frmulas

    Uploaded by

    Botanist Angle
    The document discusses key concepts related to cost price, selling price, profit, loss and formulas to calculate them. It provides formulas to calculate gain or loss percentage, selling price when given cost price and gain/loss percentage, cost price when given selling price and gain/loss percentage. It includes examples to calculate profit percentage when cost price and selling price are given and an example where profit triples if selling price doubles to find the profit percentage.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    Cost Price:

    The price, at which an article is purchased, is called its cost price, abbreviated as C.P.
    Selling Price:
    The price, at which an article is sold, is called its selling prices, abbreviated as S.P.
    Profit or Gain:
    If S.P. is greater than C.P., the seller is said to have a profit or gain.
    Loss:
    If S.P. is less than C.P., the seller is said to have incurred a loss.
    IMPORTANT FORMULAE

    1. Gain = (S.P.) - (C.P.)

    2. Loss = (C.P.) - (S.P.)

    3. Loss or gain is always reckoned on C.P.

    4. Gain Percentage: (Gain %)


    Gain x 100
        Gain % =
    C.P.

    5. Loss Percentage: (Loss %)


    Loss x 100
        Loss % =
    C.P.

    6. Selling Price: (S.P.)


    (100 + Gain %)
        SP = x C.P
    100

    7. Selling Price: (S.P.)


    (100 - Loss %)
        SP = x C.P.
    100

    8. Cost Price: (C.P.)


    100
        C.P. = x S.P.
    (100 + Gain %)

    9. Cost Price: (C.P.)


    100
        C.P. = x S.P.
    (100 - Loss %)

    10. If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.

    11. If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
    12. When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%,
    then the seller always incurs a loss given by:
    Common Loss and Gain % 2 x 2
        Loss % = = .
    10 10

    13. If a trader professes to sell his goods at cost price, but uses false weights, then
    Error
        Gain % = x 100
    (True Value) - (Error) %.
    Q.1) A carpenter bought an old table at Rs 480 and spent 20% of it on repairing. If he wants to make
    a profit of Rs 144 then what percentage should be added in purchase price?

    20% of 480 = 480*20/100 i.e. Rs.96


    total c.p. = 480+96 i.e. 576
    profit 144 i.e. s.p. = c.p.+ profit
    = 576 + 144
    = 720

    cc The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%,
    then the value of x is:

    Let the cost price of one article=Rs 100


    profit=25%
    SP =100+25=125
    NOW
    CP of 20 article =SP of X article
    20 * 100 = 125 * X
    X =16

    20 article C.P = 100rs(say)

    Note: When given profit percentage, he calculates it only after selling all goods.

    So 20 articles S.P = 125 (SINCE PROFIT PERCENT =25%)


    now consider only S.P
    125 rs --->20 articles
    100 rs --->? articles
    100*20/125=1

    3.  If selling price is doubled, the profit triples. Find the profit percent

    First of all, in the problem they had given that if selling price doubles, profit will be tribled.

    Actually we have the formulae that


    profit = selling price - cost price

    Let the selling price be y and cost price be x

    From formulae above profit= s.p.-c.p.


    Profit= y-x___________(1)

    From the data given, if selling price doubles, profit will be tribled. so that
    s
    profit=y-x, here from the data given if y doubles profit will be tribled. so we can write in place of profit
    we can write y-x

    3(y-x) = 2y-x
    y=2x
    profit from (1)
    profit=2x-x
    =x

    Then we have to calcute profit percentage, so we have formulae for profit percentage
    Profit%= (profit/cost price)*100
    = (x/x)*100

    Profit% =100%.

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