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CP= the price, at which an article is purchased, is called its cost price

DISCOUNT=marked price- sale price

MRP = maximun retail price

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

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

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

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

Gain Percentage: (Gain %)

Gain % =Gain x 100C.P.

Loss Percentage: (Loss %)

Loss % =Loss x 100C.P.

Selling Price: (S.P.)

SP =(100 + Gain %)x C.P100

Selling Price: (S.P.) SP =(100 - Loss %)x C.P.100

Cost Price: (C.P.)

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

Cost Price: (C.P.)

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