P = SP – CP ; P% = ( P / CP ) x 100
L = CP – SP ; L% = ( P / CP ) x 100 Remember that both profit and loss are always calculated on the cost price of the product.
SP = MP – Discount Markup = MP – CP ; Markup % = [ ( MP – CP ) / CP ] x 100 Remember that discount percentages are always calculated on the Marked Price ( MP ) of the product. The main formula for this is as follows : Initial Value ( CP ) x Multiplication Factor ( MF ) = Final Value ( SP )
Note: Both ‘x’ and ‘y’, here are profit / loss percentages, as given in the question. For profit use ‘+’ sign and for loss use ‘–’ sign. If result is in + then, there is an overall profit, if it is in ‘–’ then there is an overall loss. For more than two successive profits or losses on an item, the above formula for resultant profit / loss % is applies iterative-ly.
Overall Loss% = x^2 / 100 [ square of the common profit or loss % divided by 100 ]
0 of 30 Questions completed
You have already completed the test before. Hence you can not start it again.
Test is loading…
You must sign in or sign up to start the test.
You must first complete the following:
0 of 30 Questions answered correctly
Time has elapsed