Profit or loss is calculated when a person sells something to someone else. If he sells it for more price than he purchased, then he makes profit other he is at loss.<\/p>\n
Let,<\/p>\n
CP = cost price, the cost of the item shop owner paid<\/p>\n
SP = selling price, the price the shop owner gets on selling the same item<\/p>\n
If the shop owner sells the item for more than paid for it, SP > CP, then profit is given as<\/p>\n
Profit = selling price (SP) \u2013 cost price (CP)<\/strong><\/p>\n If the shop owner sells the item for less than paid for it, SP < CP, then loss is given as<\/p>\n Loss = cost price (CP) \u2013 selling price (SP)<\/strong><\/p>\n Loss and Profit can be calculated in percent also using the below formulas:<\/p>\n Loss % = (Loss\/Cost price) \u00d7 100<\/p>\n Profit % = (Profit\/Cost price) \u00d7 100<\/p>\n Example:<\/p>\n John bought a bicycle for $339 and sold to a buyer for $382. Did he make profit or loss by selling the bicycle? .How much is loss or profit?<\/p>\n As the selling price is more than the cost price, John has profit in selling the bicycle.<\/p>\n Profit = SP \u2013 CP<\/p>\n = $382 – $339 = $43<\/p>\n We can also find the profit percentage.<\/p>\n Profit % = (Profit\/Cost price) \u00d7 100<\/p>\n = 43\/339 \u00d7 100 = 12.68%<\/p>\n SchoolTutoring Academy is the premier educational services company for K-12 and college students. We offer tutoring programs for students in K-12, AP classes, and college. To learn more about how we help parents and students in Kamloops visit: Tutoring in Kamloops.<\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Profit or loss is calculated when a person sells something to someone else. If he sells it for more price than he purchased, then he makes profit other he is at loss. Let, CP = cost price, the cost of the item shop owner paid SP = selling price, the price the shop owner gets […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[11,13],"tags":[1066,1308,1309,1399],"class_list":["post-1590","post","type-post","status-publish","format-standard","hentry","category-math-fundamentals","category-pre-algebra","tag-loss","tag-percentloss","tag-percentprofit","tag-profit"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/posts\/1590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/comments?post=1590"}],"version-history":[{"count":0,"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/posts\/1590\/revisions"}],"wp:attachment":[{"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/media?parent=1590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/categories?post=1590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schooltutoring.com\/help\/wp-json\/wp\/v2\/tags?post=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}