How to Calculate Profit and Loss
Maths Questions Answers
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Class - VIII - Maths:- INDEX
1. Squares & Square Roots2. Cubes & Cube Roots
3. Exponents & Radicals
4. Profit Loss & Discount
5. Compound Interest
6. Algebraic Identities
7. Polynomials
8. Linear Equations
9. Parallel Lines
10. Types of Quadrilaterals
11. Construction of Quadrilaterals
12. Circles
13. Areas
14. Surface Areas
15. Volumes
16. Statistics
Class - VIII - Maths
'XX (Profit Loss) = Selling Price (S.P.) - Cost Price (C.P.) ;
if XX is +ve then it's Profit and if XX is -ve it's Loss
(2) Profit Loss % are always expressed in terms of C.P.
Profit % = (S.P. - C.P.)*100 / C.P.
Loss % = (C.P. - S.P.)*100 / C.P.
Question - Type 1 - Ram purchase 100 mango for Rs 75 and sold for Rs 125. What is his loss or profit and what %.
Answer - 1- Sine he has sold for more than the C.P. therefore he has earned a profit.
profit = S.P. - C.P.
= 125 - 75
= Rs 50 is profit
Profit % = (profit)*100 / C.P.
= 50*100 / 75 = 66.67 %
Question - Type 2 - Ram purchase 100 mango for Rs 175 and sold for Rs 125. What is his loss or profit and what %.
Answer - 2- Sine he has sold for less than the C.P. therefore he has earned a loss.
profit = C.P. - S.P.
= 175 - 125
= Rs 50 is Loss
Profit % = (Loss)*100 / C.P.
= 50*100 / 75 = 66.67 %
(Cont..... to page 2 )
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How to Calculate Profit and Loss (Page 1/4)
Important Tips (1) Profit and Loss are the difference between cost /purchase price and the selling price'XX (Profit Loss) = Selling Price (S.P.) - Cost Price (C.P.) ;
if XX is +ve then it's Profit and if XX is -ve it's Loss
(2) Profit Loss % are always expressed in terms of C.P.
Profit % = (S.P. - C.P.)*100 / C.P.
Loss % = (C.P. - S.P.)*100 / C.P.
Question - Type 1 - Ram purchase 100 mango for Rs 75 and sold for Rs 125. What is his loss or profit and what %.
Answer - 1- Sine he has sold for more than the C.P. therefore he has earned a profit.
profit = S.P. - C.P.
= 125 - 75
= Rs 50 is profit
Profit % = (profit)*100 / C.P.
= 50*100 / 75 = 66.67 %
Question - Type 2 - Ram purchase 100 mango for Rs 175 and sold for Rs 125. What is his loss or profit and what %.
Answer - 2- Sine he has sold for less than the C.P. therefore he has earned a loss.
profit = C.P. - S.P.
= 175 - 125
= Rs 50 is Loss
Profit % = (Loss)*100 / C.P.
= 50*100 / 75 = 66.67 %
(Cont..... to page 2 )
© funandhobby.com ( How to Calculate Profit and Loss)