# The CP of a pen is Rs 80 It is sold at Rs 100 Find the gain per cent.

Price offered as a discount, concession or rebate on the marked price. Becomes Rs. 1150, whose formula of gain percent the previous price or C.P. Use our free online calculator to solve challenging questions. Is greater than C.P., the seller is said to have a profit or gain. Get notified about the latest career insights, study tips, and offers at Leverage Edu. At what rate of interest per annum, simple interest on Rs. 2560 will be Rs. 1728 in 4$$\frac$$ years. Get proficient with the Quantitative Aptitude concepts with detailed lessons on the topic Profit and Loss among many others. CONTENT NOT ACCESSABLE FOR PACKAGE , Click here to upgrade your account. Hence, the loss % incurred by the shopkeeper is 37.5%.

## Introduction to Loss Percentage Formula

This makes up the basic profit formula which further helps in generating the percentage of profit that has been earned in a business or while making a financial deal. Let us learn more about the profit formula in this article. Similarly, the formula for loss can be derived using the selling price and the cost price. In simple words, if a product is sold at a lesser price than the price at which it was bought, then we have a loss in the transaction.

Gain is defined as a rise in the value of an asset that you own. Say, for example, that you ought 50 shares worth $100 at the beginning of the month. By the end of the month, those shares were valued at$150 when you sold them. Since the price of the sale was higher than the price of purchase for an asset, it resulted in a gain.

• If you are appearing for the GMAT exam this year, here is a blog to help you with some profit and loss formulas and questions to practice.
• C marked it at Rs. 2,915 higher than his cost price and allowed 10% discount to a customer.
• Before moving on to the profit and loss formula, we need to understand the terms ‘selling price’ and ‘cost price’.
• Profit and Loss problems are directly relevant for not only entrance exams , but also for the MBA syllabus like Accounting, Financial Statements and more.
• Is less than C.P., the seller is said to have incurred a loss.

Now, if the selling price is greater than the cost price, then the difference between them is called profit. If the selling price is less than the cost price, then the difference between them is called loss. Now, if the selling price of a product is more than its cost price, there is a profit earned in the transaction. In other words, if a product is sold at a higher price than the price at which it was bought, then a profit is earned. This is how the formula for profit is derived. Generally, the cost price of an item is the price paid to acquire that item.

First a 20% discount was offered, on which another 25% discount was offered. Therefore, he marked his goods 30% above the cost price. Hence, if he makes a profit of 35% on the second, it comes to a total of 20% profit on the whole.