Profit & Loss-Concept Quant

Profit & Loss




To understand above two terms first we should understand three important terms
   that are
                  cost price
                       market price and
                       sales price
                 

Cost price:-total cost to make the product[total cost incurred by the person in acquiring product]

Market Price:-market price is nothing but price which is labelled on the product or quoted

Sales Price:-Sales Price is nothing but,price of actual transaction

here one important term take place that is discount

Discount:- Some rupees are reduced by Sellers is discounts to customer.

Relations

1)Discount=Selling Price-Market Price

2)Discount is always calculated on the basis of market price(Remember)

Now ,About Profit & Loss

Profit:- If Selling price is higher than cost price, difference of them is called Profit

Loss:- If Selling price is lower than cost price, different of them called as Loss.

Formulas:-

1)Profit=Sales Price-Cost Price

2)Loss=Cost Price-Selling Price

3)Discount=Market Price-Selling Price

4) Profit(in %)=

[(Selling Price-Cost Price)/CostPrice]*100

5)Loss(in %)=

 [(Cost Price-Selling Price)/Cost Price]*100

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